What is the meaning of deduct?

The meaning of "deduct" is to take away or subtract, which aligns perfectly with the correct answer. In various contexts, such as mathematics or finance, when you deduct an amount, you are reducing a total by that specific quantity. For example, when calculating taxes, certain expenses can be deducted from your income, effectively lowering the taxable amount. This principle is fundamental in budgeting, accounting, and financial planning, where understanding how to reduce amounts accurately is essential for financial clarity and decision-making.