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.
Gross vs. Net. Gross income includes all of the income your business earns during the year, while net income includes only the profit your business earns after you subtract business expenses and other allowable deductions from your gross income.ross vs. Net. Gross income includes all of the income your business earns during the year, while net income includes only the profit your business earns after you subtract business expenses and other allowable deductions from your gross income.