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20 Part 4 of 5 5 points eBook Hint Print References Problem 12-49 (LU 12-1, LU 12-3) (Static) Check my work [The following information
20 Part 4 of 5 5 points eBook Hint Print References Problem 12-49 (LU 12-1, LU 12-3) (Static) Check my work [The following information applies to the questions displayed below.] Matt works for Fresh Corporation. Fresh offers a cafeteria plan that allows each employee to receive $15,000 worth of benefits each year. The menu of benefits is as follows: Health insurance-single Benefit Health insurance-with spouse Health insurance-with spouse and dependents Dental and vision Dependent care-any specified amount up to $5,000 Adoption benefits-any specified amount up to $5,000 Cash-any specified amount up to $15,000 plan benefit 401(k) any specified amount up to $10,000 Cost $ 5,000 $ 8,000 $ 11,000 $ 1,500 Variable Variable Variable Variable For each of the following independent circumstances, determine the amount of income Matt must recognize and the amount of deduction Fresh may claim: Note: Leave no answer blank. Enter zero if applicable. Problem 12-49 Part d (Static) d. Matt gets married and selects the health insurance with spouse benefit and takes the rest in cash to help pay for the wedding. Matt must recognize Fresh may deduct
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