Psychology is both an academic and applied discipline involving the scientific study of mental processes and behavior. Psychologists study such phenomena as perception, cognition, emotion, personality, behavior, and interpersonal relationships. Psychology also refers to the application of such knowledge to various spheres of human activity, including issues related to daily lifeâe.g.
What is the amount a business earns over and above what it spends for salaries and other expenses. Answer. Profit is the term used to describe the amount a business is left after expenses such as wages, rent, materials, etc.
How to Calculate Total Monthly Income. Your total monthly income is the amount after taxes, pretax retirement contributions, medical insurance payments and any other payments are deducted from you paychecks. This is the amount you have to spend each month on your budget line items.