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Answer for the clue "Takes away (sum) ", 7 letters:
deducts

Alternative clues for the word deducts

Word definitions for deducts in dictionaries

Wiktionary Word definitions in Wiktionary
vb. (en-third-person singular of: deduct )

Usage examples of deducts.

One of your socalled parties deducts millions in legal costs every year as a business expense and the other one has never paid taxes in its entire parasitic life then who makes up the difference?

It doesn't disburse the money, but it deducts from the depositors' accounts.