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.
Jupiterimages/Creatas/Getty Images. You can't write off your personal medical bills as a business expense. Instead, you deduct medical expenses as a personal itemized deduction on Schedule A. Total your expenses, subtract 10 percent of your adjusted gross income, and whatever remains is your deduction. The tax law allows a few limited cases in which you can deduct medical spending from your business income.