DEDUCTS Meaning and
Definition
-
"Deducts" is a verb that refers to the act of subtracting or reducing an amount or value from a total or overall balance. It involves the process of taking away a specific portion or sum from a larger quantity for various purposes, such as calculations, budgeting, or accounting.
In financial contexts, "deducts" commonly relates to the deduction of expenses or costs from a company's revenue or income to determine its net profit. This may include subtracting variable costs, fixed costs, or taxes to assess the financial health or profitability of an entity. It is an essential practice in budgeting and financial planning, as it facilitates decision-making and analysis of an organization's financial performance, efficiency, and profitability.
Furthermore, "deducts" can also be utilized in personal finance, such as when individuals deduct necessary expenses, such as mortgage interest or medical expenses, from their taxable income to determine their adjusted gross income or tax liability.
In general usage, "deducts" can refer to any reduction or subtraction operation performed in various fields. For instance, in mathematics or logic, the term may describe the elimination of an element or premise from an equation or argument. Moreover, it can be applied more broadly to any situation where something is diminished or subtracted from a whole.
Common Misspellings for DEDUCTS
Etymology of DEDUCTS
The word "deducts" originated from the Latin word "deductus", which is the past participle of the verb "deducere". "Deducere" is a combination of the prefix "de-" meaning "down" or "away" and the verb "ducere" meaning "to lead". Hence, the literal meaning of "deducere" is "to lead away" or "to draw away". Over time, this Latin term evolved and developed into the modern English word "deducts", which is used to signify the act of subtracting or taking away a certain amount from a total.
Similar spelling words for DEDUCTS
- detection,
- depicts,
- detect,
- dead set,
- deduction,
- detector,
- detecting,
- deduct,
- deducted,
- dedicates,
- detects,
- deductible,
- deductive,
- detective,
- detected.
Conjugate verb Deducts
CONDITIONAL
I
would deduct
we
would deduct
you
would deduct
he/she/it
would deduct
they
would deduct
FUTURE
I
will deduct
we
will deduct
you
will deduct
he/she/it
will deduct
they
will deduct
FUTURE PERFECT
I
will have deducted
we
will have deducted
you
will have deducted
he/she/it
will have deducted
they
will have deducted
PAST
I
deducted
we
deducted
you
deducted
he/she/it
deducted
they
deducted
PAST PERFECT
I
had deducted
we
had deducted
you
had deducted
he/she/it
had deducted
they
had deducted
PRESENT
I
deduct
we
deduct
you
deduct
he/she/it
deducts
they
deduct
PRESENT PERFECT
I
have deducted
we
have deducted
you
have deducted
he/she/it
has deducted
they
have deducted
I
am deducting
we
are deducting
you
are deducting
he/she/it
is deducting
they
are deducting
I
was deducting
we
were deducting
you
were deducting
he/she/it
was deducting
they
were deducting
I
will be deducting
we
will be deducting
you
will be deducting
he/she/it
will be deducting
they
will be deducting
I
have been deducting
we
have been deducting
you
have been deducting
he/she/it
has been deducting
they
have been deducting
I
had been deducting
we
had been deducting
you
had been deducting
he/she/it
had been deducting
they
had been deducting
I
will have been deducting
we
will have been deducting
you
will have been deducting
he/she/it
will have been deducting
they
will have been deducting
I
would have deducted
we
would have deducted
you
would have deducted
he/she/it
would have deducted
they
would have deducted
I
would be deducting
we
would be deducting
you
would be deducting
he/she/it
would be deducting
they
would be deducting
I
would have been deducting
we
would have been deducting
you
would have been deducting
he/she/it
would have been deducting
they
would have been deducting
Infographic
Add the infographic to your website:
