Using an approach to the Jacobian Conjecture by L.M. Drużkowski and K. Rusek [12], G. Gorni and G. Zampieri [19], and A.V. Yagzhev [27], we describe a correspondence between finite dimensional symmetric algebras and homogeneous tuples of elements of polynomial algebras. We show that this correspondence closely relates Albert's problem [10, Problem 1.1] in classical ring theory and the homogeneous dependence problem [13, page 145, Problem 7.1.5] in affine algebraic geometry related to the Jacobian Conjecture. We demonstrate these relations in concrete examples and formulate some open questions.