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.
However, certain subtractions to your. gross income, called deductions, are allowed. These can be for things like housing costs, child support payments, child or dependent care. payments, and monthly medical expenses over. $35 for people age 60 or older or disabled people. The amount left over after these deductions is. called net income. Most households must meet both. income limits.