Liabilities are classified on the balance sheet as a. current and long-term. b. probable, reasonably possible, and remote. C. selling and administrative. d. operating, financing, and investing. A five-year note payable would appear on the balance sheet as a(n) a. disclosure in the notes only. b. current liability for any portion due within one year. c. long-term liability for the entire amount owed. d. intangible asset. Employees' weekly gross earnings were $5,500, and their federal income tax withholding was $1,116.50. Assuming the social security rate is 6.0% and Medicare tax rate is 1.5%, what is the net amount to be paid to employees? a. $4,053.50 b. $4,383.50 c. $3,971.00 d. $4,301.00