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Definitions of deduction:

  • noun:   reasoning from the general to the particular (or from cause to effect)
  • noun:   something that is inferred (deduced or entailed or implied)
  • noun:   an amount or percentage deducted
  • noun:   the act of subtracting (removing a part from the whole)
  • noun:   the act of reducing the selling price of merchandise
  • noun:   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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