deduction

noun

1. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
2. an amount or percentage deducted
3. something that is inferred (deduced or entailed or implied)"his resignation had political implications"
4. reasoning from the general to the particular (or from cause to effect)
5. the act of subtracting (removing a part from the whole)"he complained about the subtraction of money from their paychecks"
6. the act of reducing the selling price of merchandise