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Forums - Sony Discussion - Questions about PS4 profiles/accounts

I'm going to be getting a Playstation 4 at some time soon, and I've looked in to how profiles work on the PS4. From my understanding, there are master accounts and sub accounts. I have a couple questions as to how this works.

1. Do seperate sub accounts under the same master account have seperate friends lists, trophies, and save files?

2. Is only one PS+ subscription required for the master account to work across all sub accounts, or does each sub account require its own Playstation Plus subscription?

Any helpful responses are greatly appreciated. ;)