Economics GCSE
Deductions
What Deductions means in Economics GCSE, as defined for AQA.
Definitions of Deductions
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Reference: AQA
Mandatory and voluntary amounts such as Income Tax, National Insurance contributions and pension contributions that are subtracted from gross pay.
Amounts subtracted from gross pay, commonly including Income Tax, National Insurance and pension contributions.
Topics that use Deductions
- The labour market (AQA GCSE)
Related terms
- Derived demand
- Gross pay
- Income Tax
- Labour market
- Labour markets
- Market equilibrium
- Net pay
- Price determination
Using Deductions in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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