Which of the following statements is correct?

Multiple Choice

An employer must use the EFTPS if the annual federal tax deposits are greater than $$100,000,$ and those employers who are required to use the EFTPS but fail to do so can be subject to a $20\%$ penalty.

An employer must use the EFTPS if the annual federal tax deposits are greater than $$200,000,$ and those employers who are required to use the EFTPS but fail to do so can be subject to a $20\%$ penalty.

An employer must use the EFTPS if the annual federal tax deposits are greater than $$200,000,$ and those employers who are required to use the EFTPS but fail to do so can be subject to a $10\%$ penalty.

An employer must use the EFTPS if the annual federal tax deposits are greater than $$100,000,$ and those employers who are required to use the EFTPS but fail to do so can be subject to a $10\%$ penalty.