Deduction - Definition
deduction
n 1: a reduction in the gross amount on which a tax is
calculated; reduces taxes by the percentage fixed for the
taxpayer's income bracket [syn: tax write-off, tax
deduction, deduction]
2: an amount or percentage deducted [syn: deduction,
discount]
3: something that is inferred (deduced or entailed or implied);
"his resignation had political implications" [syn:
deduction, entailment, implication]
4: reasoning from the general to the particular (or from cause
to effect) [syn: deduction, deductive reasoning,
synthesis]
5: the act of subtracting (removing a part from the whole); "he
complained about the subtraction of money from their
paychecks" [syn: subtraction, deduction] [ant:
addition]
6: the act of reducing the selling price of merchandise [syn:
discount, price reduction, deduction]