Deduction
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British pronunciation/dɪdˈʌkʃən/
American pronunciation/dɪˈdəkʃən/
01

the action or process of taking an amount away from a total

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deduction definition and meaning
02

an amount or percentage deducted

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deduction definition and meaning
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

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04

the process of reasoning from general principles or premises to a specific conclusion

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05

something that is inferred (deduced or entailed or implied)

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06

the act of reducing the selling price of merchandise

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example
Example
examples
The tax preparer took off eligible deductions to lower the client's tax liability.
The scientist approached the problem with a rational mindset, relying on evidence and logical deductions.
He calculated his tax liability based on his income and deductions.
Countries with universal healthcare levy income-based premiums that are collected through mandatory payroll deductions.
Homeowners often find that mortgage interest and property tax deductions can help set off the overall cost of owning a house.
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Meaning of "Deduction"

Meaning of "Deduction"
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