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Cadillac Square Corporation determined that $1,121,300 of its research tax credit on its current-year tax return was uncertain, but that it was more likely than

Cadillac Square Corporation determined that $1,121,300 of its research 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 (%) $ 1,121,300 41 41 808,750 24 65 85,750 24 89 0 11 100

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

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