Cadillac Square Corporation determined that $1,000,000 of its domestic production activities deduction on its current year tax return was uncertain, but that it was more likely than not to be sustained on audit.Management made the following assessment of the company's potential tax benefit from the deduction and its probability of occurring.

potential est. benefit individual probability of occurring Cumulative probability of occurring

1,000,000 40 40

750,000 25 65

500,000 20 85

0 15 100

What amount of the tax benefit related to the uncertain tax position from the domestic production activities deduction can Cadillac Square Corporation recognize in calculating its income tax provision in the current year?

In addition to calculating the amount of income tax provision related to the uncertain tax position (UTP) from the research tax credit, present the journal entry related to UTP.