deduction
Pronunciation: [dɪˈdʌkʃən]
Word
Context: “reasoning”
(noun) a way of figuring things out by using logic. It's like solving a puzzle by taking what you know and coming to a conclusion. For example, if you see that the ground is wet, you might deduce that it rained.
Example
She made a correct deduction about the missing cookies and figured out that her brother had eaten them.
Example
His deduction was wrong; he thought nobody was home because the lights were off.
Example
What deduction can you make from the clues we found?
Context: “finance”
(noun) an amount of money that you can subtract from your total income when calculating how much tax you owe. This means you pay less money because some of your expenses can be taken away from what you earned.
Example
She was happy to find out that her charitable donations were a tax deduction, lowering her tax bill.
Example
He can't claim that expense as a deduction, so he will have to pay full taxes on it.
Example
What kind of expenses qualify for a tax deduction?
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