What is the difference between income and expenses? Expenses are money you earn, and income Is money you spend Income is money you earn, and expenses are money you spend Income is for adults, and expenses are for kids There is no difference

The correct answer is: Income is money you earn, and expenses are money you spend.<br /><br />Income refers to the money that an individual or a business receives in exchange for providing a good or service or through investing capital. It is the money that comes in. Expenses, on the other hand, refer to the money that is spent on various things such as bills, groceries, entertainment, etc. It is the money that goes out.