From Longman Dictionary of Contemporary Englishdeductde‧duct /dɪˈdʌkt/ ●○○ verb [transitive] COUNT/CALCULATEto take away an amount or part from a total SYN subtractdeduct something from something The payments will be deducted from your salary. —deductible adjective Interest charges are tax deductible.→ See Verb table
Examples from the Corpus
deduct• Employees carry the other half, which they may not deduct.• Self-employed business owners could deduct all health insurance costs.• Marks may be deducted for illegible handwriting.• Total drawings for the year would be deducted from capital.• The manager executes the deals for a small annual fee - usually 0.5 percent deducted from the interest earned.• Your monthly repayments will be deducted from the total amount that you owe.• Your employer will deduct income tax from your salary.• Provided there was a valid card in the box, the beacon would deduct some of its value and record no details.• That will tend to be offshore as banks and building societies in this country have to deduct tax at source.• Issuers are able to deduct the interest they pay on TOPrs and similar securities because they are debt.• The deal also would have allowed the 49ers to deduct the taxes from the price.deduct something from something• If you pay for repairs, you can deduct the cost from your rent.From Longman Business Dictionarydeductde‧duct /dɪˈdʌkt/ verb [transitive]1to take away an amount from a totalBrazil has about 48 million bags of coffee available for sale; from this, deduct about eight million bags for domestic use.2ACCOUNTING to take away an amount from an employee’s pay for a particular purpose before they receive itWe deduct the pension contributions from employees’ paychecks.3TAX to take away particular costs from the amount you have earned before you calculate how much tax you will have to pay on what you have earnedSelf-employed people can deduct 100% of health-insurance costs against income.→ See Verb tableOrigin deduct (1400-1500) Latin deductus, past participle of deducere; → DEDUCE 