Business expenses are supposed to be the expenses necessary to generate the profit upon which you pay taxes to the government.
Later, in 1996, Perry turned a quick $38,000 profit thanks to a fortuitously timed investment in Kinetic Concepts stock.
Its annual revenue will likely top $100 billion this year, and in the first quarter, it made $5.4 billion in profit.
In interviews, they often speak of their fear about who will profit from the power vacuums opening up throughout the region.
Not because I want to flip the works [for profit]…but seeing that artist get really far.
It may be that Sir John will live; if so I hope that he may profit by this lesson.
Just how do I profit, please, if I butcher myself to make your Roman holiday?
Wisdom that is hid and treasure that is hoarded, what profit is there in both?
To-night if you have aught to teach me, let me profit by it.'
On the whole, and barring accidents, I see some profit on the job.
mid-13c., "income;" c.1300, "benefit, advantage;"from Old French prufit, porfit "profit, gain" (mid-12c.), from Latin profectus "profit, advance, increase, success, progress," noun use of past participle of proficere (see proficiency). As the opposite of loss, it replaced Old English gewinn. Profit margin attested from 1853.
early 14c., "to advance, benefit, gain," from profit (n.) and from Old French prufiter, porfiter "to benefit," from prufit (see profit (n.)). Related: Profited; profiting.