Question: 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

Required information Problem 12-49 (LO 12-1, LO 12-3) (Static) [The following information

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 insurance-single Health insurance-with spouse Benefit 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 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 For each of the following independent circumstances, determine the amount of income Matt must recognize and the amount of deduction Fresh may claim: Note: Leave no answer blank. Enter zero if applicable. Problem 12-49 Part c (Static) c. Matt selects the single health insurance benefit and is reimbursed for $10,000 of dependent care. Answer is complete but not entirely correct. Matt must recognize Fresh may deduct S 0 $ 10,000

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