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Cadillac Square Corporation determined that $1,124,300 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 $1,124,300 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 company's potential tax benefit from the deduction and its probability of occurring.

Potential Estimated Benefit (000s) Individual Probability of Occurring (%) Cumulative Probability of Occurring (%)
$ 1,124,300 42 42
867,500 27 69
146,000 15 84
0 16 100

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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