deduction

/di'dʌkʃn/
Noun
  1. the act of reducing the selling price of merchandise
  2. the act of subtracting (removing a part from the whole)
    • he complained about the subtraction of money from their paychecks
  3. reasoning from the general to the particular (or from cause to effect)
  4. something that is inferred (deduced or entailed or implied)
    • his resignation had political implications
  5. an amount or percentage deducted
  6. a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket

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deduction
The store offers a 20% deduction on all winter coats.