Assertion: taxable income | /r/HasProperty | reduced by deduction
Facets:
value: for expenses
type: PURPOSE
value: for the tax year
type: TEMPORAL
Source sentences:
text: Taxable income is generally less than gross income, having been reduced by deductions and exemptions allowed by the IRS for the tax year.
text: Generally, it includes some or all items of income and is reduced by expenses and other deductions.
text: Business deductions: Taxable income of all taxpayers is reduced by deductions for expenses related to their business.