Sentence examples for deduction is limited from inspiring English sources

Under the Small Business Tax Cut, introduced by Eric Cantor, House majority leader, any company of any sort with fewer than 500 employees would be eligible to deduct 20 percent of income in 2012, though the deduction is limited to half of cash wages paid to employees.

The Republican bill allows companies with fewer than 500 employees to deduct 20 percent of their income in 2012, though the deduction is limited to half of cash wages paid to employees.

Under current law, the deduction is limited to 50 percent of one's adjusted gross income — a limitation few people run up against.

The tax deduction is limited to $5,000 because these organizations are not appraisers.

Otherwise, your income-tax deduction is limited to your basis in the asset (what it initially cost you) or its fair market value, whichever is less.

If a painting hangs in the museum, that is fine, he said, but if it hangs in the president's office, the donors' deduction is limited to their cost.

Hear me out: under the previous version of the Senate bill, the deduction was limited to 50% of wages paid by the business, with no alternative limitation.

Their deduction was limited to $150,198 of these $191,074 in expenses.

That way, the deduction was limited to businesses that had a good number of employees, a clear sign of an actual business and not a tax shelter.

The deduction was limited to the lesser of 23percentt of business profits, or half the W-2 payroll the business paid out.

Since Congress cracked down on inflated deductions a few year ago, these goods have to be in good shape no ragged clothing or nonworking computer deductions allowed and the deduction generally is limited to the flea-market value of the items.