Deducted

The term 'deducted' refers to the act of subtracting or taking away an amount from a total. It is often used in financial contexts, such as when calculating expenses, taxes, or any reductions from a sum. The action implies a decrease or reduction of an initial figure to arrive at a final amount.

Deducted meaning with examples

• When she filed her taxes, Jane realized that multiple expenses could be deducted from her income, allowing her to lower her tax liability significantly. It was a relief to discover that costs related to her job were eligible for deduction, making a noticeable difference in her refund amount.
• In preparing the monthly budget, Tom meticulously categorized his expenses and ensured that all eligible costs were deducted from his paycheck. By deducting bills and savings contributions from his income, he had a clearer view of his disposable income available for leisure activities.
• The accountant explained to the business owner that certain operational costs could be deducted from the gross income. This would facilitate a more accurate profit calculation, shedding light on the financial health of the business and enabling better decision-making for future investments.
• During negotiations for the new property purchase, the agent mentioned that specific fees could be deducted from the final sale price. By having these deductions factored in, the total cost of acquiring the property would be significantly reduced, thus making it a more appealing option.