deduction

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deduction

 [de-duk´shun]
reasoning in which the conclusion follows necessarily from the premises; reasoning from the general to the particular.

de·duc·tion

(dē-dŭk'shŭn),
The logical derivation of a conclusion from certain premises. The conclusion will be true if the premises are true and the deductive argument is valid. Compare: induction (9).

deduction

Etymology: L, deducere, to lead
a system of reasoning that leads from a known principle to an unknown, or from the general to the specific. Deductive reasoning is used to test diagnostic hypotheses.

de·duc·tion

(dĕ-dŭk'shŭn)
The logical derivation of a conclusion based on certain premises. The conclusion will be true if the premises are true and the deductive argument is valid.
Compare: induction (9)
References in periodicals archive ?
The rules for deducting home office expenses can be expected to come under even greater scrutiny in the future as pressure arising from the need for child care, energy conservation and pollution abatement causes even more taxpayers to work out of their homes, either for themselves or their employers.
Before deducting offering expenses, the total price to the public, underwriting discounts and commission and proceeds to the company are $531,700,000, $16,580,250 and $515,119,750, respectively.
Assuming all other requirements for deducting points are met, the Browns can deduct 50% of the points, $3,000, in 1994 as prepaid interest attributable to home improvements.
While deducting the interest on the appropriate forms and/or lines is sufficient under the regulations to perfect the election, taxpayers are advised to make the election in a separate statement attached to the return.
Most intangible assets are expected to benefit more than one year, so their cost is a capital expenditure under Internal Revenue Code section 167 (depreciation), the primary authority for deducting intangibles.
If the taxpayer is counting on deducting the interest, the taxpayer can easily manipulate the number of personal-use days.
As to deducting interest on unsecured claims, the IRS contended that because of the debtor's financial condition, "full payment of principal let alone interest will not be made to .
469(a) prohibits individuals, estates, trusts, closely held C corporations and personal service corporations from deducting passive activity losses or passive activity credits from nonpassive gains in an effort to lower taxable income.
The taxpayer made a number of arguments in favor of deducting its loan origination costs as ordinary and necessary business expenses.
If combined, the disposition probably would not satisfy the disposition of "substantially all" of an activity for deducting suspended passive losses.
Individual taxpayers residing in the Fourth, Sixth, Eighth and Ninth Circuits are barred from deducting deficiency interest; the issue is more uncertain for taxpayers in other circuits.
The disallowance of the entertainment facility expenses was based solely on the statutory prohibition on deducting entertainment facility expenses.