How much can Fresh deduct?

23 Part 2 of 5 Required information Problem 12-49 (LO 12-1, LO 12-3) (Static) [The following information applies to the questions displayed below.) 0.3 points 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: eBook Hint Print 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 References For each of the following independent circumstances, determine the amount of income Matt must recognize and the amount of deduction Fresh may claim: (Leave no answer blank. Enter zero if applicable.) Problem 12-49 Part b (Static) b. Matt selects the single health insurance benefit, is reimbursed $5,000 for MBA tuition, and takes the remainder in cash