deduction

Noun
  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 (synset 113350069)
    is a type of: write-down, write-off - (accounting) reduction in the book value of an asset
    subtypes:
    • tax benefit, tax break - a tax deduction that is granted in order to encourage a particular type of commercial activity
    • business deduction - tax write-off for expenses of doing business
    • exemption - a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
    same as: tax deduction, tax write-off
  2. An amount or percentage deducted (synset 113295620)
    is a type of: adjustment, allowance - an amount added or deducted on the basis of qualifying circumstances
    subtypes: trade discount - a discount from the list price of a commodity allowed by a manufacturer or wholesaler to a merchant
    same as: discount
  3. Something that is inferred (deduced or entailed or implied) (synset 105788882)
    "his resignation had political implications"
    is a type of: illation, inference - the reasoning involved in drawing a conclusion or making a logical judgment on the basis of circumstantial evidence and prior conclusions rather than on the basis of direct observation
    same as: entailment, implication
  4. Reasoning from the general to the particular (or from cause to effect) (synset 105782126)
    is a type of: abstract thought, logical thinking, reasoning - thinking that is coherent and logical
    subtypes: syllogism - deductive reasoning in which a conclusion is derived from two premises
    same as: deductive reasoning, synthesis
  5. The act of subtracting (removing a part from the whole) (synset 100361583)
    "he complained about the subtraction of money from their paychecks"
    is a type of: decrease, diminution, reduction, step-down - the act of decreasing or reducing something
    subtypes:
    • bite - a portion removed from the whole
    • withholding - the act of deducting from an employee's salary
    same as: subtraction
  6. The act of reducing the selling price of merchandise (synset 100362929)
    is a type of: decrease, diminution, reduction, step-down - the act of decreasing or reducing something
    same as: discount, price reduction

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