Your client, a publically traded company, is facing a $20 million dollar federal income tax expense this year. Your client suggests to you that it plans on taking an aggressive tax position on this years federal income tax return that will reduce federal income tax expense by a potential $9 million. As a result, under ASC 740, the clients tax attorneys put together a probably of success table associated with this aggressive tax position:

Aggressive Position will result in a: $9 million reduction (10% cumulative chance) $7 million reduction (35% cumulative chance) $5 million reduction (75% cumulative chance) $3 million reduction (100% cumulative chance)

What amount of this tax can you deduct on this years federal income tax return?

a. $11 million

b. $13 million

c. $15 million

d. $0