Part 1 of 5 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: eBook Hint 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 Print 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.) tt selects the single health insurance benefit and places $10,000 in his 401(k). must recognize may deduct