Deducted: meaning, definitions and examples
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deducted
[ dɪˈdʌktɪd ]
financial context
To deduct means to subtract or take away an amount from a total. In financial terms, it often refers to the process of removing a certain quantity of money from an account or a total amount owed. The term is commonly used when discussing taxes, where taxpayers can deduct eligible expenses from their taxable income to reduce their tax liability. Deductions can also occur in various fields, such as accounting, banking, and personal finance. It is essential to understand the implications of deductions, as they can significantly impact overall financial health.
Synonyms
removed, subtracted, taken away.
Examples of usage
- She deducted expenses from her taxable income.
- They deducted the amount from his paycheck.
- He deducted the costs of the repairs from his total bill.
Translations
Translations of the word "deducted" in other languages:
🇵🇹 deduzido
🇮🇳 कम किया गया
🇩🇪 abgezogen
🇮🇩 dipotong
🇺🇦 відрахований
🇵🇱 odjęty
🇯🇵 控除された
🇫🇷 déduit
🇪🇸 deducido
🇹🇷 düşürülmüş
🇰🇷 공제된
🇸🇦 مخصوم
🇨🇿 odečtený
🇸🇰 odpočítaný
🇨🇳 扣除的
🇸🇮 odštevilčen
🇮🇸 dreginn
🇰🇿 азайтылды
🇬🇪 დაკლული
🇦🇿 çıxarılmış
🇲🇽 deducido
Etymology
The word 'deduct' is derived from the Latin root 'deductus', which means 'to take away' or 'to lead down'. This Latin term comes from 'deducere', a combination of 'de-' (down) and 'ducere' (to lead). The word entered the English language in the late 14th century, initially used in a more general sense of removing or taking away. Over time, its usage became more specific, particularly in financial and legal contexts. The evolution of the term reflects the growing complexity of financial transactions and economic practices in society. Today, 'deducted' is most commonly seen in scenarios involving taxes, bank transactions, and accounting practices, where precise financial management is crucial.