- Act or process of deducing or inferring. - Act of deducting or taking away; subtraction; as, the
deduction of the subtrahend from the minuend. - That which is deduced or drawn from premises by a
process of reasoning; an inference; a conclusion. - That which is deducted; the part taken away; abatement;
as, a deduction from the yearly rent.
Meaning of 'deduction' (Princeton's WordNet)
1 . deduction
[ n]
Meaning (1): - the act of subtracting (removing a part from the whole)
Example in sentence:
he complained about the subtraction of money from their paychecks
Meaning (2): - something that is inferred (deduced or entailed or implied)
Standard Deduction A Standard Deduction is a defined amount of money that taxpayers may utilize to lower their tax liability. They have the option of taking the deduction or itemizing it.
Payroll deductions Payroll deductions refer to deductions form gross earnings to determine the amount of a paycheck.