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 Cost 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) 5,000 $8,000 $11,000 1,500 Variable Variable Variable Variable Cash-any specified amount up to $15,o00 plan benefit 401(k)-any specified amount up to $10,000 Variable 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.) c. Matt selects the single health insurance benefit and is reimbursed for MBA tuition of $10,000. $ Recognized taxable income d. Matt gets married and selects the health insurance with his spouse benefit and takes the rest in cash to help pay for the wedding. Recognized taxable income 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 Cost 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) 5,000 $8,000 $11,000 1,500 Variable Variable Variable Variable Cash-any specified amount up to $15,o00 plan benefit 401(k)-any specified amount up to $10,000 Variable 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.) c. Matt selects the single health insurance benefit and is reimbursed for MBA tuition of $10,000. $ Recognized taxable income d. Matt gets married and selects the health insurance with his spouse benefit and takes the rest in cash to help pay for the wedding. Recognized taxable income