"deducting the amount" is correct and can be used in written English.
For example, you could use it in a sentence such as: "We are deducting the amount owed from the total balance due."
If the managing agent refused to comply with this request, Mr. Mandel said, the shareholder could take the risk of deducting the amount he was owed.
Ms. Cohn said banks that allowed a loan for 95percentt of a house's value (after deducting the amount of the first mortgage) had cut that to 90percentt -- or less.
The amount of complexed peptide was calculated after deducting the amount of peptide in the supernatant.
They said the government was taking too much money by deducting the amount it would cost the academies to run the services in question themselves.
The councils claim this cut has been calculated by deducting the amount it will cost individual academies to run those services themselves, rather than by the amount that councils will save by not providing them.
The payment solution offers loans of up to $200, sending the money directly to billers, deducting the amount from your bank account 30 days after the bill is paid.
