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nounan amount or percentage deducted
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nouna 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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nounsomething that is inferred (deduced or entailed or implied)
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nounthe act of subtracting (removing a part from the whole)
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nounreasoning from the general to the particular (or from cause to effect)
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nounthe act of reducing the selling price of merchandise
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Explanation of deduction
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