Deductions: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
m (Category added 8/10/13)
imported>Doug Williamson
(Layout.)
Line 1: Line 1:
#Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
#Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
#''Tax.'' Amounts for which tax relief is given.  Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.
#''Tax.'' Amounts for which tax relief is given.  Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.


== See also ==
== See also ==

Revision as of 20:25, 25 April 2016

  1. Amount of money subtracted from an account or from any amount payable/receivable, to pay for services, goods or taxes.
  2. Tax. Amounts for which tax relief is given. Most often by subtracting the deductions from (otherwise) taxable profits, before calculating the amount of tax payable on the net taxable profits.


See also