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For each of the following, identify in column 1 the category to which the account belongs, in column 2 the normal balance for the account, in column 3 the financial statement that the account in which the account balance is reported, and in column 4 the account's nature (permanent/temporary).
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Ethical Relativism
The theory that moral values and judgments are ultimately dependent on the cultural, societal, or personal context.
Payroll Tax
Taxes imposed on employers and/or employees, calculated as a percentage of the salaries that employers pay their staff.
Kantian Ethics
Kantian Ethics is a moral philosophy based on the work of Immanuel Kant, emphasizing that moral actions are those performed out of duty and guided by universalizable principles.
Deontology
An ethical theory that evaluates the morality of actions based on the adherence to defined rules or duties, regardless of the action's outcomes.
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