Which of the following statements is correct? Multiple Choice An employer must use the EFIPS if the anmual federal tax deposits are greoter than $100,000, and those employers who are required to use the EFTPS but fal to do so can be subject to a tos penalty An employer must uso the EFTPS if the annual federal tax doposits are greater than $200000, and those employers who are requied to use the EFTPS but tal to do so can be subject to a 20 penaly An employer mist use the EHTPS if the annsal federal tax deposits are greater than $200,000, and those employers who are required to use the EFIPS but fail to do so can be subject to o 10% penalty An employer must use the EFIPS if the annual federal tax deposits are grenter than $100,000 and thase employers who ate reguired to use the EFIPS but tail to do so can be sejbec to 2.20% penalty