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deduct

verb

/dɪˈdʌkt/

IPA:

Dictionary definition of deduct

To subtract or take away a specific amount or value from a total, typically as part of a mathematical calculation or a financial transaction.
"From the data, we'll deduct any outliers before analysis."

Detailed meaning of deduct

When you deduct something, you are removing a specified quantity or sum from a larger whole. This term is commonly used in various contexts, such as taxation, where individuals or businesses deduct eligible expenses or allowances from their taxable income to determine the amount owed to the government. In everyday situations, deducting may involve subtracting costs or discounts from a total bill, or it can be applied to deducting points from a score in a game or assessment. Overall, "deduct" implies the process of reducing a total amount or value by a specified quantity, often for the purpose of determining a net value or arriving at a final calculation.

Example sentences containing deduct

1. She was able to deduct the cost of the books from her taxes.
2. Please deduct the discount before finalizing the invoice.
3. You can deduct those expenses from the monthly budget.
4. I forgot to deduct the taxes from the total revenue.
5. They will deduct a service fee before transferring the amount.
6. Ensure you deduct any rebates before submitting the report.

History and etymology of deduct

The verb 'deduct' finds its etymological origins in Latin. It is derived from the Latin word 'deducere,' which is a combination of 'de,' meaning 'away from,' and 'ducere,' meaning 'to lead' or 'to bring.' Therefore, 'deducere' in Latin essentially means 'to lead away from' or 'to subtract.' Over time, this Latin term was incorporated into Middle English as 'deducten,' maintaining its sense of subtraction or taking away. The verb 'deduct' in modern English continues to capture this essence, describing the action of subtracting or taking away a specific amount or value from a total, often as part of mathematical calculations or financial transactions.

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Further usage examples of deduct

1. The bank will deduct the transaction charges from your account.
2. If you return the item, we'll deduct a restocking fee.
3. Always deduct the initial investment to calculate net profit.
4. She forgot to deduct the tip, making the bill higher.
5. The accountant will deduct all allowable expenses from the gross income.
6. Make sure to deduct the loan interest from the payment.
7. I asked him to deduct the damaged goods from the total cost.
8. They will deduct a portion for maintenance from your refund.
9. Before paying, you need to deduct the employee contributions.
10. He failed to deduct the promotional offers, causing an overcharge.
11. The software will automatically deduct the discounts during checkout.
12. She uses a spreadsheet to deduct expenses and track savings.
13. After you deduct the shipping costs, what's the net profit?
14. I'll deduct the advance from the amount owed to you.
15. The cashier didn't deduct my loyalty points at checkout.
16. Once we deduct the overheads, the event barely broke even.
17. Always deduct any grants or aid when estimating college costs.
18. Before finalizing, let's deduct the charitable donations.
19. The company will deduct a small fee for early withdrawals.
20. They will deduct the commission and then send you the balance.