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What does deduct mean?

Looking for the meaning or definition of the word deduct? Here's what it means.

Verb
  1. To take one thing from another; remove from; make smaller by some amount.
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Examples
The tenant or local agent is obliged to deduct 25 per cent withholding tax from rental income and send it to the tax office.
But that doesn't deduct from the artistry and distinction that beams from the rest of the film.
In that case, you must deduct the remaining balance over the term of your new loan, the IRS says.
You simply deduct the amount from your income on your tax return and, added bonus, it's at your highest rate of tax.
Employers with live-in domestic workers could deduct 10 percent for accommodation, but only if it complied with the minimum standards set.
To determine the amount of the wraparound mortgage, deduct your down payment from the purchase price.

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