Deducting
Deducting is the present participle of the verb deduct, meaning to subtract or remove an amount from a total. It is commonly used in finance, accounting, and payroll to describe subtracting charges, taxes, or allowances from gross amounts.
In business and taxation, deductions reduce taxable income or net pay. Examples include deducting operating expenses
In logic and philosophy, the related concept is deducing, the act of deriving conclusions from premises; deducting
Etymology: deduct comes from Latin deductus, “led down or taken away,” the past participle of deducere, ducere.
Related terms include deduction, deductible, and tax deduction. The term deduction denotes the amount subtracted; deducing