Vocabulary Entry

deduction

|noun • verb

noun

the process of subtracting or deducting something, especially an amount from a total.

Example Sentences

"The tax deduction significantly lowered her taxable income."

"He was surprised by the deduction taken from his paycheck."

"After reviewing the receipt, the deduction for the returned items was issued."

verb

Example Sentences

"You can deduct the cost of your business expenses from your taxes."

"He decided to deduct points for late submissions."

"The accountant will deduct any applicable fees before issuing the refund."