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Deduction
01
the action or process of taking an amount away from a total
02
an amount or percentage deducted
03
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
04
the process of reasoning from general principles or premises to a specific conclusion
05
something that is inferred (deduced or entailed or implied)
06
the act of reducing the selling price of merchandise
Example
In a budget, a deduction shows expenses taken away from the total income.
In everyday life, deduction is often used when figuring out how many items remain after some are given away.
Deduction helps calculate how much is left after spending money.
The teacher explained that deduction is used to find the difference between two numbers.
The teacher's invariable response to late assignments was a deduction in marks.
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