raig 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 inge benefits These benefits include health insurance that costs $7,500 and child care that costs S3 600 Assume Craig is in the 28% tax bracket Read the requirements Requirement a. How much income tax will Craig save if he chooses to participate in the employer's health insurance plan? Assume that he does not have sufficient medical expenses to temize his deductions. By participating in the plan, Craig would save Requirement b. Would you recommend that Craig participate in the employer's health insurance plan if his wie's employer already provides comparable health insurance coverage for the amily? A. No Tho tax savings would never exceed the cost of a second modical insurance coverage O B. Craig cannot participale in the employer's health insurance plan if the family already receives comparable health insurance coverage from his wife's employer c. Probably not Athough there would still be a tax savings that is not suficient reason to spenas 7,500 on duplicato medical insurance coverage. O D. Yes Having more than one health insurance coverage per family atways creates an overall tax savings for the taxpayer