Definition of Deduction:
Accounting: Business expenses or losses which are legally permitted to be subtracted from the gross revenue of a firm in computing its taxable income.
Logic: See deductive reasoning.
The action of deducting or subtracting something.
The inference of particular instances by reference to a general law or principle.
Taxation: Fixed amount or percentage permitted by taxation authorities that a tax payer can subtract from his or her adjusted gross income to arrive at the taxable income.
Synonyms of Deduction
Baconian method, A fortiori reasoning, A posteriori reasoning, A priori reasoning, Abatement, Ablation, Abrasion, Abridgment, Abstraction, Accord, Addition, Adjunct, Affairs, Affiliation, Affinity, Agio, Alleviation, Alliance, Allowance, Analysis, Approximation, Assemblage, Association, Attenuation, Bank discount, Bond, Breakage, Cash discount, Chain discount, Charge-off, Closeness, Cogitation, Combination, Concession, Conclusion, Connectedness, Connection, Consequence, Consequent, Consideration, Contemplation, Contiguity, Contraction, Contrariety, Corollary, Credit, Cut, Dampening, Damping, Dealings, Decrease, Decrement, Decrescence, Deductive reasoning, Deflation, Deliberation, Demonstration, Depreciation, Depression, Derivation, Diminishment, Diminution, Discount, Discourse, Discourse of reason, Discursive reason, Disjunction, Dockage, Drawback, Dying, Dying off, Epagoge, Erosion, Extenuation, Fade-out, Filiation, Finding, Generalization, Homology, Hypothesis and verification, Illation, Induction, Inductive reasoning, Inference, Intercourse, Intimacy, Judgment, Junction, Kickback, Languishment, Lessening, Letup, Liaison, Link, Linkage, Linking, Logical thought, Lowering, Meditation, Miniaturization, Minus, Mitigation, Musing, Mutual attraction, Nearness, Particularization, Penalty, Penalty clause, Percentage, Philosophical induction, Philosophy, Pondering, Premium, Price reduction, Price-cut, Proof, Propinquity, Proximity, Purification, Rapport, Ratiocination, Rationalism, Rationality, Rationalization, Rationalizing, Reason, Reasonableness, Reasoning, Rebate, Rebatement, Reduction, Refinement, Reflection, Refund, Relatedness, Relation, Relations, Relationship, Relaxation, Removal, Result, Rollback, Rumination, Sagging, Salvage, Scaling down, Sequitur, Setoff, Similarity, Simplicity, Sophistry, Specious reasoning, Speculation, Subduction, Sublation, Subtraction, Sweet reason, Syllogism, Syllogistic reasoning, Sympathy, Synthesis, Takeoff, Taking away, Tare, Thinking, Tie, Tie-in, Time discount, Trade discount, Tret, Underselling, Union, Weakening, Withdrawal, Write-off, Conclusion, Inference, Supposition, Hypothesis, Thesis, Assumption, Presumption, Suspicion, Conviction, Belief, Subtraction, Taking away, Taking off, Withdrawal, Abstraction, Removal, Debit, Docking, Discounting
How to use Deduction in a sentence?
- The dividend will be paid without deduction of tax.
- Mitzi was relieved to hear all employees at Flotsam & Jetsam would be receiving health coverage, but miffed when told it would result in yet another deduction from her weekly take home pay.
- I was doing my taxes and realized I have spent money in charitable ways so I decided to use a deduction .
- When the warehouse was flooded, and all the goods there lost, the company was able to take a deduction in their taxes for the cost of the goods lost.
- The detective must uncover the murderer by deduction from facts.
Meaning of Deduction & Deduction Definition