For Each of the Following, Identify in Column 1 the Category

question 18

Essay

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 on which the account balance is reported, and in Column 4 the account's nature (permanent/temporary).
-

Understand the application of leadership theories in real-world scenarios.

Understand the concept of social psychology and the impact of social influences on human behavior.

Recognize the natural human tendency to seek information and support from others.

Appreciate the significance of consumer psychology in determining value from purchases.

---

Definitions:

FICA Taxes Payable

Amounts owed by employers and employees for Social Security and Medicare, based on the Federal Insurance Contributions Act.

State Unemployment Taxes

Taxes imposed on the employer by states that provide benefits to employees who lose their jobs.

Employee's Withholding

The portion of an employee's wages withheld by the employer for payment of taxes and other deductions.

Federal Unemployment Tax

A United States federal tax imposed on employers to fund state workforce agencies. Employers pay this tax to the Internal Revenue Service (IRS) to cover the costs of unemployment compensation to workers who have lost their jobs.