deduction
noun

the removing of money from a total, or the amount of money removed from a total

Examples
  • Net salary is salary after deduction of tax and social security.

  • The deduction from her wages represented the cost of repairing the damage she had caused to the machinery.

Usage
deductions from salary
money which a company removes from salaries to give to the government as tax, National Insurance contributions, etc.
Browse by Subjects
allowable deductions
earnings before interest and tax
alternative minimum tax
net yield
charitable deductions
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