Poudre River Raft Company had the following liabilities.

a. Accounts Payable

b. Notes Payable due in three years

c. Salaries Payable

d. Notes Payable due in six months

e. Sales Tax Payable

f. Unearned Revenue due in eight months Determine whether each liability would be considered a current liability (CL) or a long-
term liability (LTL).

Employee: OASDI: 6.2% on first \($147,000\) earned; Medicare: 1.45% up to \($200,000,\) 2.35% on earnings above \($200,000.
Employer:\) OASDI: 6.2% on first \($147,000\) earned; Medicare: 1.45%; FUTA: 0.6% on first \($7,000\) earned; SUTA: 5.4% on first \($7,000\) earned.