1 an amount of money that is taken away from an employee's pay before they receive it --
2 an amount of money that you are responsible for paying before your insurance (= protection against loss) will pay you for an expense: --
3 A deductible expense is a cost that you can subtract from the earnings on which you have to pay income tax: --
Mortgage interest is deductible.
4 relating to an amount or part that can be taken away from a total: --
5 relating to particular costs that can be taken away from the amount of money that you have earned, before you have to pay tax on it: --
The law is that the expenses of taking one's car to one's place of employment are not deductible.
I take it that the current expenditure will be a deductible charge against profits.
If this payment is treated as a capital payment, the allowances will still be deductible expenses in respect of the farmer's other income.
The introduction of self-assessment had no effect on the rules on expenditure which is deductible when computing trading profits from farming for tax purposes.
It is clearly necessary for the amount deductible to be notified to those responsible for issuing pay and keeping accounts.
Underlying these and other limitations, such as copayments, deductibles, plan maximums, and restriction of covered services, was the socially perceived need to limit the growth of healthcare costs.
They operate through four main mechanisms: exclusion policies, coinsurance, copayment, and deductibles.
A deductible is a fixed amount to be paid by the insured individual before any insurance benefit is paid.
