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WordNet-Online
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Definitions from the WebTerm: DeductionsDefinition:Deductions are a specific amount of money that can be subtracted from the gross income of a person or business entity, to reduce the taxable income and thus decrease tax liability. Examples:1. Noun - Financial Deductions:Many taxpayers claim various deductions such as mortgage interest, medical expenses, and charitable contributions to reduce their tax bill. Example sentence: The accountant helped her identify all the eligible deductions to maximize tax savings. 2. Noun - Logical Deductions:In logic, deductions refer to the process of deriving conclusions or inferences from given premises or evidence. Example sentence: After analyzing all the evidence, the detective made deductions to solve the mysterious crime. 3. Verb - Deductions:Deductions can also be used as a verb, meaning to subtract or take away something from a total. Example sentence: The cashier deducted the discount from the customer's total bill. 4. Adjective - Deductive Reasoning:Deductive reasoning is a type of logical thinking where conclusions are drawn based on general principles or premises. Example sentence: The professor taught the students how to apply deductive reasoning skills to solve complex problems. Related Products: | ||||
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