exemption vs deduction
deduction vs exemptionexemption and deduction both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| exemption | Yes | No | No | No |
| deduction | Yes | No | No | No |
As nouns,
deduction is a hypernym of
exemption; that is, deduction is a
word with a broader meaning than exemption:
- exemption: a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)
- deduction: a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Other hypernyms of exemption include
tax deduction, tax write-off.
| exemption (noun) | deduction (noun) |
|---|---|
| an act exempting someone | the act of subtracting (removing a part from the whole) |
| a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.) | the act of reducing the selling price of merchandise |
| immunity from an obligation or duty | reasoning from the general to the particular (or from cause to effect) |
| something that is inferred (deduced or entailed or implied) | |
| an amount or percentage deducted | |
| a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket |
Words related to "exemption"
Words related to "deduction"
- abstract thought
- adjustment
- allowance
- bite
- business deduction
- decrease
- deduce
- deduct
- deductive reasoning
- diminution
- discount
- entailment
- exemption
- illation
- implication
- inference
- logical thinking
- price reduction
- reasoning
- reduction
- step-down
- subtraction
- syllogism
- synthesis
- tax benefit
- tax break
- tax deduction
- tax write-off
- trade discount
- withholding
- write-down
- write-off
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