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. Synonyms: tax write-off, tax deduction.

(noun) an amount or percentage deducted. Synonyms: discount.

(noun) something that is inferred (deduced or entailed or implied). Synonyms: entailment, implication. Example: "His resignation had political implications."

(noun) reasoning from the general to the particular (or from cause to effect). Synonyms: deductive reasoning, synthesis.

(noun) the act of subtracting (removing a part from the whole). Synonyms: subtraction. Example: "He complained about the subtraction of money from their paychecks."

(noun) the act of reducing the selling price of merchandise. Synonyms: discount, price reduction.