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business deduction

DEFINITIONS OF: business deduction

1

n tax write-off for expenses of doing business

Types:
entertainment deduction
deduction allowed for some (limited) kinds of entertainment for business purposes
Type of:
deduction, tax deduction, tax write-off
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
WORD FAMILY
USAGE EXAMPLES