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Cadillac Square Corporation determined that $1,120,100 of its research and development tax credit on its current-year tax return was uncertain, but that it was more

Cadillac Square Corporation determined that $1,120,100 of its research and development tax credit 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 companys potential tax benefit from the deduction and its probability of occurring.

Potential Estimated Benefit (000s) Individual Probability of Occurring (%) Cumulative Probability of Occurring (%)
$ 1,120,100 40 40
770,850 26 66
89,100 15 81
0 19 100

What amount of the tax benefit related to the uncertain tax position from the research and development tax credit can Cadillac Square Corporation recognize in calculating its income tax provision in the current year?

Tax benefit amount recognized

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