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Longman Dictionary of Contemporary English
deduct
verb
COLLOCATIONS FROM CORPUS
■ NOUN
amount
▪ From this will be deducted the amount that you have earned if you have found another job.
▪ From this gross total is deducted the amount they collect in prescription charges.
commission
▪ They would go straight to his agent, who would deduct his commission and the rest went to pay the tax man.
cost
▪ Finally, from the 40p would be deducted the cost of the telephone call or postage stamp to make the complaint.
▪ Individuals would not pay taxes on interest or investment income, and businesses could not deduct the cost of fringe benefits.
▪ Wilgro provides all the compost, peat and packaging deducting the cost against mushrooms subsequently produced.
▪ The amount of the investment tax credit is also deducted from the cost of the new equipment.
▪ This is even before others realize their employers no longer will be able to deduct the cost of their health insurance.
▪ Because companies could no longer deduct the cost of health and life insurance, they may stop offering all but retirement benefits.
income
▪ This would normally be deducted from dividend income before calculating the income available for distribution to unit holders.
▪ When making that payment, Tradeco must deduct income tax at the basic rate and pay that to the Revenue.
▪ This must be deducted from the income received.
▪ From this figure they deduct their estimated income from charges and central government grants together with any cash balances available for the purpose.
▪ You do not have to deduct it from your income, as in the case of personal allowances.
▪ These allowances, plus a few others, are deducted from the total income to produce the taxable income.
interest
▪ The manager executes the deals for a small annual fee - usually 0.5 percent deducted from the interest earned.
▪ Since Uncle Sam lets firms deduct interest payments to bondholders, he tilts the field to-ward bonds.
▪ Societies deducted the interest at the time so never paid the full amount of the loan, which greatly enhanced their profits.
▪ Now assume the investor bought the stock with a loan and deducted the interest, as currently allowed.
▪ The basic rate tax is deducted from the interest at source.
▪ Preferred dividends are deducted because, unlike interest paid to bondholders, they are not a tax-deductible expense of doing business.
▪ And the corporation saves additional tax by deducting the interest on the loan, which you could not have done.
▪ Issuers are able to deduct the interest they pay on TOPrs and similar securities because they are debt.
payment
▪ Since Uncle Sam lets firms deduct interest payments to bondholders, he tilts the field to-ward bonds.
▪ You pay tax on the compensation, but the corporation saves an offsetting amount of tax by deducting the compensation payment.
rate
▪ Discounted rate - A percentage is deducted from the rack rate.
▪ Premiums are therefore deducted from the spot rate.
▪ Banks and building societies automatically deduct tax at the rate of 20 per cent from all interest paid.
▪ At present, interest on deposits is paid after deducting a fixed rate of tax, which can not be reclaimed by non-taxpayers.
source
▪ That will tend to be offshore as banks and building societies in this country have to deduct tax at source.
▪ Yet when tax is deducted at source, as is the case with a Pay-As-You-Earn scheme, that is precisely what happens.
tax
▪ That will tend to be offshore as banks and building societies in this country have to deduct tax at source.
▪ The deal also would have allowed the 49ers to deduct the taxes from the price.
▪ Whatever the K codes is, not more than half of your salary can be deducted in tax like this.
▪ And they did not deduct taxes before figuring the percentage.
▪ The purchaser will be able to deduct before tax the acquisition cost of trading stock and work in progress.
▪ Banks and building societies automatically deduct tax at the rate of 20 per cent from all interest paid.
▪ When making that payment, Tradeco must deduct income tax at the basic rate and pay that to the Revenue.
■ VERB
entitle
▪ The sheriff's officer is entitled to deduct his own costs from the net proceeds of the sale.
EXAMPLES FROM OTHER ENTRIES
▪ Marks may be deducted for illegible handwriting.
▪ Self-employed business owners could deduct all health insurance costs.
▪ Your employer will deduct income tax from your salary.
▪ Your monthly repayments will be deducted from the total amount that you owe.
EXAMPLES FROM CORPUS
▪ Employees carry the other half, which they may not deduct.
▪ Issuers are able to deduct the interest they pay on TOPrs and similar securities because they are debt.
▪ Provided there was a valid card in the box, the beacon would deduct some of its value and record no details.
▪ That will tend to be offshore as banks and building societies in this country have to deduct tax at source.
▪ The deal also would have allowed the 49ers to deduct the taxes from the price.
▪ The manager executes the deals for a small annual fee - usually 0.5 percent deducted from the interest earned.
▪ Total drawings for the year would be deducted from capital.
The Collaborative International Dictionary
Deduct

Deduct \De*duct"\, v. t. [imp. & p. p. Deducted; p. pr. & vb. n. Deducting.] [L. deductus, p. p. of deducere to deduct. See Deduce.]

  1. To lead forth or out. [Obs.]

    A people deducted out of the city of Philippos.
    --Udall.

  2. To take away, separate, or remove, in numbering, estimating, or calculating; to subtract; -- often with from or out of.

    Deduct what is but vanity, or dress.
    --Pope.

    Two and a half per cent should be deducted out of the pay of the foreign troops.
    --Bp. Burnet.

    We deduct from the computation of our years that part of our time which is spent in . . . infancy.
    --Norris.

  3. To reduce; to diminish. [Obs.] ``Do not deduct it to days.''
    --Massinger.

Douglas Harper's Etymology Dictionary
deduct

early 15c., from Latin deductus, past participle of deducere "lead down, bring away;" see deduce, with which it formerly was interchangeable. Technically, deduct refers to taking away portions or amounts; subtract to taking away numbers. Related: Deducted; deducting.

Wiktionary
deduct

vb. To take one thing from another; remove from; make smaller by some amount.

WordNet
deduct
  1. v. make a subtraction [syn: subtract, take off] [ant: add]

  2. retain and refrain from disbursing; of payments; "My employer is withholding taxes" [syn: withhold, recoup]

  3. reason by deduction; establish by deduction [syn: deduce, infer, derive]

Usage examples of "deduct".

A little man in the office downtown, all kind of bashful and double-talky, said nobody would want to embarrass General Scott or Miss Segnier, and what would she think if they let her deduct fifteen hundred and pay taxes on the rest?

Really, now-a woman trying to deduct three thousand dollars for entertaining General Scott.

Prescott, from which I would immediately deduct my one-third share, forty thousand dollars, forty thousand sweet smelling, crisply crinkling, beautifully off-green, satisfyingly stiff new dollar bills.

Accordingly, the Supreme Court held in 1871 that it was within the competence of Congress to deduct from the period limited by statute for the bringing of an action the time during which plaintiff had been unable to prosecute his suit in consequence of the Civil War.

State, equal to a specified percentage of such dividends, the corporation being required to deduct the tax from dividends payable to resident and nonresident shareholders and pay it over to the State.

In taxing the income of a nonresident, there is no denial of equal protection in limiting the deduction of losses to those sustained within the State, although residents are permitted to deduct all losses, wherever incurred.

To determine how much he could deduct from his corporate taxes by donating the thing to the IAA, said his enemies.

I doubt it-but she deducted three thousand dollars for entertaining General Scott last year.

But take him this message: Millicent Segnier deducted quite a bit of dough on her federal tax return for entertaining our friend.

Miss Segnier deducted three thousand and seventy-nine dollars for entertaining the chairman of the Joint Chiefs of Staff last year.

He asked about the discrepancy between the amount Ruffing claimed to have given to Concannon and the amount actually received by CUP and whether Bissonette had deducted the full amount claimed on his tax returns, and Ruffing said he had.

United States upon the salary of an officer, to be deducted from the amount which otherwise would by law be payable as such salary, is a diminution of the compensation to be paid to him, which, in the case of the President of the United States, would be unconstitutional if the act of Congress levying the tax was passed during his official term.

This tax, though collected by the corporation, is on the transfer to a stockholder of his share of corporate dividends within the taxing State, and is deducted from said dividend payments.

His total debts, including his share of the partnership, were about 60 florins more than his assets, and after deducting an additional 200 florins each for himself and his mother, he had an official deficit of about 460 florins.

If we move Phobos, for example, automatic bookkeeping in the Bell Continuum would adjust descriptors for all particles moving within the galaxy, deducting a tiny amount of their total momentum, angular momentum, and kinetic energy.