Exercise $14-16$ Determining tax benefit for uncertain tax position $($LO$14-10)$

Collins Company incurs a $$1,000$ book expense that it deducts on its tax return. The tax law is unclear whether this expense is deductible, so the deduction leads to an uncertain tax position. Assuming a $21\%$ tax rate, the deduction results in a $$210$ uncertain tax benefit.

Required:

For each of the following independent cases, determine how much of the tax benefit associated with the uncertain tax position Collins can recognize and how much of a tax contingency reserve for uncertain tax benefits Collins needs to record.

$\backslash$table$[[,$Case $1,,$Case $2,,$Case $3,],[\backslash$table$[[$Management$\text{'}$s assessment of the likelihood of the uncertain tax position being sustained based on$],[$technical merits$]],65,\%,40,\%,80,\%$