BUSINESS DEDUCTION

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

Tax write-off for expenses of doing business

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("business deduction" is a kind of...):

deduction; tax deduction; tax write-off (a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket)

Hyponyms (each of the following is a kind of "business deduction"):

entertainment deduction (deduction allowed for some (limited) kinds of entertainment for business purposes)

Credits