Sentence examples for are deducting from inspiring English sources
verb
To take one thing from another; remove from; make smaller by some amount.
- I will deduct the cost of the can of peas from the money I owe you.
The wealthy benefit the most, because they are deducting income that would otherwise be taxed at the highest personal rate.
Companies say the tax treatment is justified because they are deducting the cost of paying an employee, just as they would if they paid a salary in cash.
At the moment, for example, many banks are paying low effective rates because they are deducting from their taxable income losses they incurred during the financial crisis.
In the meantime the Channel Islands and the Isle of Man, like the foot-draggers, are deducting withholding tax from EU-resident savers anonymously, and answering specific requests for information.The Cayman Islands, for its part, went for automatic exchange of information from the beginning, after assurances that this would not affect its hedge funds.
If you are deducting startup costs, you can report them on Schedule C, E or F of Form 1040, depending on the nature of the startup costs.
The fees are deducted from users' accounts.
Points are deducted when they order a portion.
Contributions to health savings accounts are deducted from gross income.
They are deducted from New York taxes due on that income.
Usually, food and lodging are included but taxes are deducted.
Finally, conclusions are deducted in Sect. 5.
