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.
For example, the annual pay for a $10-an-hour job that you work full time (40 hours per week) would be $20,800. Net: This is how much you take home after everything is deducted from your paycheck. Gross income is the amount before taxes and any additional withdrawals. If you look at your pay stubs, you can see what is taken out from your gross pay.