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ETHICS Eric, your friend, received his Form W-2 from his employer (below) and has asked for your help. Eric's 2019 salary was $145,200 and he

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ETHICS Eric, your friend, received his Form W-2 from his employer (below) and has asked for your help. Eric's 2019 salary was $145,200 and he does not understand why the amounts in Boxes 1, 3 and 5 are not $145,200? 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 Depen- dent Care Flexible Spending Account - Eric is enrolled in the company-sponsored life insurance program. He has a policy that provides a benefit of $145,200. - Eric contributed $2,650 to the Health Care Flexible Spending Account (he keeps forget ting that the maximum deferral has increased over the years). Using the information and Eric's Form W-2, prepare an email to Eric reconciling his salary of $145,200 to the amounts in Boxes 1, 3, and 5. 1 791-51-4335 e file 12-3456789 15,184.00 130.41700 132,900.00 137677.00 Ivy Technologies, Inc. 436 E 35 Avenue Gary, IN 46409 8.239 80 1.99632 Eric Hayes 555 E. 81st Street Merrillvile, IN 46410 5,000.00 12700 D 7260.00 DD 12,345.00 IN 00122231001 130,417.00 4,050.00 10.41700 98700 LAKE del INE 500 PM

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