deduction of expenses

The deduction of expenses may result in a loss.

Anyone who moves for a new job might lose certain deductions of expenses, whether he is Croesus or Cratchit.

Systems that allow a tax deduction of expenses in computing taxable income must provide for rules for allocating such expenses between classes of income.

Deductions of expenses such as custodian fees, travel to annual shareholder meetings, legal and tax advice, interest paid on loans to buy shares, etc., are no longer permitted starting in 2009.

The purpose of the per diem payment (or the deduction of expenses when inadequate reimbursements are provided) is to alleviate the burden on taxpayers whose business or employment travel creates duplicated expenses.

Increased NAV If the market value of a fund's portfolio increases after deduction of expenses and liabilities, then the value (NAV) of the fund and its shares increases.

At the end of each financial year, after deduction of expenses, any remaining cash surplus will not be retained by the company or its shareholders, but returned to the policyholders in the form of cash dividends or distributions.

Mr. Critchley challenged that figure, and Mr. Bond said the net gain for Mr. Brennan could have been $15 million or even $10 million after deductions of expenses and fees for himself and his company, Valmet.