deduction

deduction - noun

a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

an amount or percentage deducted

something that is inferred (deduced or entailed or implied)

reasoning from the general to the particular (or from cause to effect)

the act of subtracting (removing a part from the whole)

the act of reducing the selling price of merchandise

deduction - thesaurus