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).

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 ?
As is generally the case, deducting car leasing expenses is easier if you're self-employed: they go right on Schedule C of your tax return with all your other business expenses.
Deducting organizational/startup costs: A corporation or partnership can elect to deduct up to $5,000 of its organizational expenditures in the year it begins business, if paid or incurred after Oct.
Deduction of CFT in the income year certainly results in a more proper match against income than deducting it in the subsequent year as prescribed by section 461(d).
For example, if you're in the 36% tax bracket, deducting $1,000 in seller-paid points would yield a $360 refund.
Instead, although knowing that deducting package design costs was an improper method, taxpayers were forced to continue deducting such costs.
In May 2004, Treasury issued final regulations (TD 9125) to clarify the rules on deducting interest on qualified education loam under Sec.
If in buying the policies and naming itself as beneficiary, no real debt is involved or the transactions are shams, deducting the costs will be denied.
In sole proprietorships, the person deducting the interest has to be directly liable for the debt.
Some states, for example, have no threshold for deducting medical expenses.
The fact that he spent the majority of his time and performed the most important business activities away from the home office no longer would preclude him from deducting home office expenses.