Assertion: deduction | /r/HasProperty | subtracted
Facets:
value: from gross income
type: OTHER
value: from the gross pay
type: OTHER
value: in order to reduce the amount
type: PURPOSE
Source sentences:
text: A deduction is an expense that can be subtracted from an individual or married couple's gross income in order to reduce the amount that is subject to income tax.
text: Deduction may be "an act of taking away," or "something that is subtracted.
text: Deductions and withholdings are subtracted from the gross pay before your paycheck is paid.
text: Thus, deductions or expenditures allowed by IRS to be subtracted from gross income to reduce the taxable income for income tax are called allowable deduction.