Question

_ is the amount of money a person earns in a given year from a job, a business, or various types of assets and investments, while ______ is the total amount of a person’s assets less the total of various kinds of debts.

Answer 1

Income / wealth.

Step-by-step explanation:

Income is the flow of cash received from work, capital as interest or profit, or land as a rent. Is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time.

Examples, interest received on a bank deposit, rentals received on property leased, dividend earned on entity's investments.

Wealth is the accumulation and measure of financial resources, and money is the most common means of measuring. Is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts.

Income is routinely mistaken for wealth.