Ingredients:

For the Cupcakes:

1 1/2 cups All-Purpose Flour
1 1/2 teaspoons Baking Powder
1/2 teaspoon Salt
1/2 cup (1 stick) Unsalted Butter, softened
3/4 cup Granulated Sugar
2 Large Eggs
1 teaspoon Vanilla Extract
1/2 cup Milk
For the Cream Cheese Frosting:

8 ounces Cream Cheese, softened
1/2 cup (1 stick) Unsalted Butter, softened
3 cups Powdered Sugar
1 teaspoon Vanilla Extract
For the Salted Caramel Sauce:

1 cup Granulated Sugar
1/4 cup Water
1/2 cup Heavy Cream
4 tablespoons Unsalted Butter, cut into pieces
1/2 teaspoon Sea Salt (or more, to taste)
For Decoration (Optional):

Sprinkles (white nonpareils or something similar)