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 ?
Deduct seven points if the coach, faced with a quarterback controversy, cheerfully predicts that injuries will make the decision for him.
The taxpayer must establish these facts before being allowed to currently deduct employment taxes related to vacation/bonus pay accrued at year-end but not paid until the subsequent year:
The IRS ruled that the acquirer could deduct the amounts paid to the officers, because the payments related to the employment relationship, not the reorganization.
Cutting the amount of interest California homeowners can deduct contradicts the goals set by President Bush's plan for federal tax reform," said Michael Faust, chair of Government Affairs for the California Association of Mortgage Brokers.
However, if the brokerage account still had $25,000 of I's money in it, he would be entitled to deduct $75,000 ($100,000 adjusted basis--$25,000 restitution payment).
A beneficiary of a qualified subchapter S trust may deduct suspended losses under the at-risk rules and the passive loss rules when the trust disposes of the S corp stock.
You can also deduct some "indirect" home office expenses, such as repairing a leaky roof.
42) Finally, "although taxpayers generally must capitalize the costs of acquiring intangible assets from another person (such as the cost of acquiring a customer list or goodwill), taxpayers generally may deduct the costs incurred to develop or maintain such intangible assets.
In Ingram, the Tax Court held that a towboat operator could currently deduct the costs of cyclical towboat engine maintenance.
Staley allowed a corporation to deduct expenses related to defending against a hostile takeover.
You can deduct certain costs when looking for a new job
That way, you can deduct one more month of mortgage interest in the 1996 tax year.