Felix is a married taxpayer with a dependent 4-year-old daughter. His employer offers a cafeteria plan under which he can choose to receive cash or, alternatively, choose from certain fringe benefits. These benefits include health insurance that costs $6,500 and child care that costs $2,700. Assume Felix is in the 32% tax bracket. Read the requirements. Requirement a. How much income tax will Felix save if he chooses to participate in the employer's health insurance plan? Assume that he does not have sufficient medical expenses to itemize his deductions. By participating in the plan, Felix would save a. How much income tax will Felix save if he chooses to participate in the employer's health insurance plan? Assume that he does not have sufficient medical expenses to itemize his deductions. b. Would you recommend that Felix participate in the employer's health insurance plan if his wife's employer already provides comparable health insurance coverage for the family? c. Would you recommend that Felix participate in the employer-provided child care option if he has the alternative option of claiming a child care credit of $480