deduction
Other forms: deductions
If you get a tax deduction it means you get to reduce the amount of your income that is subject to tax. If something's on sale, you might get a percentage deduction from the original price. Deduction means taking away, or an amount taken away.
If you're a fan of Sherlock Holmes, you already know that the process of logical deduction helps to solve crimes––you take away the information you do know to deduce the answer to what you don't. In figure skating, every mistake on the ice results in a point deduction––the judges take points away.
Definitions of deduction
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the act of subtracting (removing a part from the whole)
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synonyms:
subtraction
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Antonyms:
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addition
the act of adding one thing to another
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types:
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bite
a portion removed from the whole
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withholding
the act of deducting from an employee's salary
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type of:
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decrease, diminution, reduction, step-down
the act of decreasing or reducing something
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addition
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an amount or percentage deducted
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synonyms:
discount
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types:
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trade discount
a discount from the list price of a commodity allowed by a manufacturer or wholesaler to a merchant
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type of:
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adjustment, allowance
an amount added or deducted on the basis of qualifying circumstances
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trade discount
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the act of reducing the selling price of merchandise
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synonyms:
discount, price reduction
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type of:
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decrease, diminution, reduction, step-down
the act of decreasing or reducing something
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decrease, diminution, reduction, step-down
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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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synonyms:
tax deduction, tax write-off
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types:
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tax benefit, tax break
a tax deduction that is granted in order to encourage a particular type of commercial activity
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business deduction
tax write-off for expenses of doing business
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exemption
a deduction allowed to a taxpayer because of his or her status (having certain dependents or being blind or being over 65 etc.)
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entertainment deduction
deduction allowed for some (limited) kinds of entertainment for business purposes
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type of:
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write-down, write-off
(accounting) reduction in the book value of an asset
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reasoning from the general to the particular (or from cause to effect)
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synonyms:
deductive reasoning, synthesis
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types:
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syllogism
deductive reasoning in which a conclusion is derived from two premises
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type of:
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abstract thought, logical thinking, reasoning
thinking that is coherent and logical
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syllogism
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something that is inferred (deduced or entailed or implied)
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synonyms:
entailment, implication, inference
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