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pls help and answer these questions O Required information Problem 12-49 (LO 12-1, LO 12-3) (Static) The following information applies to the questions displayed below)
pls help and answer these questions
O Required information Problem 12-49 (LO 12-1, LO 12-3) (Static) 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 Health Insurancenele Health Insuranceth Health Insurance with sounddependents Contal and vision. Dependent are specified up to 35.000 Adoption benefits any specified mount up to $5,000 Castrany specified up to 515,00 pln benefit Cost $5,000 $ 3,000 $ 11,000 $1.500 Variable Variable Variable Variable For each of the following independent circumstances, determine the amount of income Matt must recognize and the amount of deduction Freshmay claire (leave no answer blank. Enter zero if applicable.) Problem 12-49 Part b (Static) b. Mutt selects the single health isurance benefit, is reimbursed $5,000 for dependent care, and takes the remainder in cash, 1 5.000 Mitmest recogni may deduct Problem 12-49 Part c (Static) c. Matt selects the single health insurance benefit and is reimbursed for $10,000 of dependent care Matt must recognize Fresh may deduct BE of 19 17 18 19 AN d. Matt gets married and select the chance with some benefit and takes the rest in cash to help pay for the wedding amount of Problem 12-49 Part e (Static) e. Matt elects to take all cash Mat must recogn Freshmay edad Step by Step Solution
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