Definition of deduction

Definitions

Noun

a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer''s income bracket

Noun

an amount or percentage deducted

Noun

something that is inferred (deduced or entailed or implied); "his resignation had political implications"

Noun

reasoning from the general to the particular (or from cause to effect)

Noun

the act of subtracting (removing a part from the whole); "he complained about the subtraction of money from their paychecks"

Noun

the act of reducing the selling price of merchandise

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deductive reasoning discount entailment implication price reduction subtraction synthesis tax deduction tax write-off

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abstract thought adjustment allowance decrease diminution illation inference logical thinking reasoning reduction step-down write-down write-off

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bite business deduction exemption syllogism tax benefit tax break trade discount withholding

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