Prepare an email to Eric explaining why boxes 1,3, and 5 do not match up to Eric's salary of $145,000. Using the information below and Erics Form W-2, prepare an email to Eric reconciling his salary of $145,000 to the amounts in Boxes 1, 3, and 5. In otherwords, explain why boxes 1, 3, and 5 do not match up to Eric's salary of $145,000.

Eric, your friend, received his Form W-2 from his employer (below) and has asked for your help. Eric's 2018 salary was $145,000 and he does not understand why the amounts in Boxes 1, 3, and 5 are not S145,000? His final paycheck for the year included the following information: Eric contributed 5 percent of his salary to the company 401(k) plan on a pre-tax basis. Eric is married with two children. He had $5,000 deducted from his wages for a Dependent Care Flexible Spending Account. Eric is enrolled in the company-sponsored life insurance program. He has a policy that provides a benefit of $145,000. Eric contributed $2,500 to the Health Care Flexible Spending Account (he keeps forget-ting that the maximum deferral has increased over the years). REQUIREMENT: Using the information and Eric's Form W-2, prepare an email to Eric reconciling his salary of S145,000 to the amounts in Boxes 1, 3, and 5. In otherwords, explain why boxes 1, 3, and 5 do not match up to Eric's salary of $145,000. ETROS. number 791-51-4335 b Employer identification number 12-3456789 e Empord, ZIP code Ivy Technologies Inc. 436 E. 35 Ave. Gary, IN 46409 Sate, accurate, www. OMB No 1545 000 FAST! Use e file Waarom 2 Federal income tax 130,377.00 15,184.00 Social 128,400.00 7,960.80 5 Medicare wages and tips 6 Medicare tax withheld 137,627.00 1,995.59 7 Social Security tips 8 Alocated is d Control number 9 Verification code Last name Sunt 11 Nonqualified plans e Employee's first name and initial Eric Hayes 555 E. 81 st Street Merrillville, IN 46410 13 n 14 Other 10 Dependent care benefits 5,000.00 12a See instructions for box 12 127.00 120 D 1 7,250.00 12 DD 12,345.00 12d X 1 Employee's address and ZIP code 15 Employer's state ID number IN 00122231001 State income tax Local agus Local income tax 16 State wagus, puta 130,377.00 4,956.00 130.377.00 987.00 20 Low LAKE Department of the Treasury Internal Revenue Service Fom W-2 Wage and Tax 2018 Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being tumished to the Internal Revenue Service Eric, your friend, received his Form W-2 from his employer (below) and has asked for your help. Eric's 2018 salary was $145,000 and he does not understand why the amounts in Boxes 1, 3, and 5 are not S145,000? His final paycheck for the year included the following information: Eric contributed 5 percent of his salary to the company 401(k) plan on a pre-tax basis. Eric is married with two children. He had $5,000 deducted from his wages for a Dependent Care Flexible Spending Account. Eric is enrolled in the company-sponsored life insurance program. He has a policy that provides a benefit of $145,000. Eric contributed $2,500 to the Health Care Flexible Spending Account (he keeps forget-ting that the maximum deferral has increased over the years). REQUIREMENT: Using the information and Eric's Form W-2, prepare an email to Eric reconciling his salary of S145,000 to the amounts in Boxes 1, 3, and 5. In otherwords, explain why boxes 1, 3, and 5 do not match up to Eric's salary of $145,000. ETROS. number 791-51-4335 b Employer identification number 12-3456789 e Empord, ZIP code Ivy Technologies Inc. 436 E. 35 Ave. Gary, IN 46409 Sate, accurate, www. OMB No 1545 000 FAST! Use e file Waarom 2 Federal income tax 130,377.00 15,184.00 Social 128,400.00 7,960.80 5 Medicare wages and tips 6 Medicare tax withheld 137,627.00 1,995.59 7 Social Security tips 8 Alocated is d Control number 9 Verification code Last name Sunt 11 Nonqualified plans e Employee's first name and initial Eric Hayes 555 E. 81 st Street Merrillville, IN 46410 13 n 14 Other 10 Dependent care benefits 5,000.00 12a See instructions for box 12 127.00 120 D 1 7,250.00 12 DD 12,345.00 12d X 1 Employee's address and ZIP code 15 Employer's state ID number IN 00122231001 State income tax Local agus Local income tax 16 State wagus, puta 130,377.00 4,956.00 130.377.00 987.00 20 Low LAKE Department of the Treasury Internal Revenue Service Fom W-2 Wage and Tax 2018 Statement Copy B-To Be Filed With Employee's FEDERAL Tax Return This information is being tumished to the Internal Revenue Service