asked 158k views
1 vote
Examples of an income deduction (career)

1 Answer

1 vote

A deduction is any item or expenditure subtracted from gross income to reduce the amount of income subject to income tax. It is also referred to as an "allowable deduction."

answered
User Greg Mattes
by
8.3k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.