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What is a deduction?

What is a deduction? Here are some definitions.

Noun
  1. That which is deducted; that which is subtracted or removed
  2. A sum that can be removed from tax calculations; something that is written off
  3. (logic) A process of reasoning that moves from the general to the specific, in which a conclusion follows necessarily from the premises presented, so that the conclusion cannot be false if the premises are true.
  4. A conclusion; that which is deduced, concluded or figured out
  5. The ability or skill to deduce or figure out; the power of reason
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Examples
That deduction came about because Brodie had been harshly adjudged to have been at fault for an accidental head-clash in the opening seconds.
For one thing, it helps to explain how we come to know things via deduction.
Members should be aware that all expenditure incurred in deriving exempt income will not be an allowable deduction.
However, the foreign earnings deduction, which is due to expire at the end of this month did not receive a reprieve.
His hooded eyes gleamed with the malignant satisfaction of a correct deduction.
If you ask a loaded question, you get the answer you want, but your deduction from it may be unsound.

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