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Bookmark or Share- DEDUCTION - Definition & Translations | Collins English DictionaryA deduction is an amount that has been subtracted from a total. 2. A deduction is a conclusion that you have reached about something because of other things that you know to be true.
- deduction noun - Definition, pictures, pronunciation and usage notes ...[uncountable, countable] the process of using information you have in order to understand a particular situation or to find the answer to a problem. He arrived at the solution by a simple process of deduction. If my deductions are correct, I can tell you who the killer was.
- Deductions for individuals: What they mean and the difference between ...A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind.
- DEDUCTION definition and meaning | Collins English DictionaryA deduction is an expense that can be deducted from income on a tax return. Most homeowners can get a federal income tax deduction on interest payments to a home equity loan. Government aid to industry includes outright grants, low-interest loans, and tax incentives such as deductions .
- Inductive vs. Deductive vs. Abductive Reasoning - Merriam-WebsterDeduction is generally defined as "the deriving of a conclusion by reasoning." Its specific meaning in logic is "inference in which the conclusion about particulars follows necessarily from general or universal premises."
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