a. Matt selects the single health insurance and places $10,000 in his 401(k). b. Matt selects the single health insurance, is reimbursed $5,000 for MBA tuition, and takes the remainder in cash. c. Matt selects the single health insurance and is reimbursed for MBA tuition of $10,000. d. Matt gets married and selects the health insurance with his spouse and takes the rest in cash to help pay for the wedding. e. Matt elects to take all cash.

Required information [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: Benefit Health insurance-single 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 Educational benefits-any specified amount (no limit) 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 Variable For each of the following independent circumstances, determine the amount of income Matt must recognize (ignore FICA taxes): (Leave no answer blank. Enter zero if applicable