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Noun: deduction  di'dúk-shun
  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
    - tax write-off, tax deduction
  2. An amount or percentage deducted
    - discount
  3. Something that is inferred (deduced, entailed or implied)
    "his resignation had political deductions";
    - entailment, implication
  4. Reasoning from the general to the particular (or from cause to effect)
    - deductive reasoning, synthesis
  5. The act of subtracting (removing a part from the whole)
    "he complained about the deduction of money from their paychecks";
    - subtraction
  6. A reduction in the selling price of something
    - discount, price reduction

Derived forms: deductions

Type of: abstract thought, adjustment, allowance, decrease, diminution, illation, inference, logical thinking, reasoning, reduction, step-down, write-down, write-off

Encyclopedia: Deduction