kimco realty corporation and subsidiaries notes to consolidated financial statements , continued the company 2019s investments in latin america are made through individual entities which are subject to local taxes .
the company assesses each entity to determine if deferred tax assets are more likely than not realizable .
this assessment primarily includes an analysis of cumulative earnings and the determination of future earnings to the extent necessary to fully realize the individual deferred tax asset .
based on this analysis the company has determined that a full valuation allowance is required for entities which have a three-year cumulative book loss and for which future earnings are not readily determinable .
in addition , the company has determined that no valuation allowance is needed for entities that have three-years of cumulative book income and future earnings are anticipated to be sufficient to more likely than not realize their deferred tax assets .
at december 31 , 2014 , the company had total deferred tax assets of $ 9.5 million relating to its latin american investments with an aggregate valuation allowance of $ 9.3 million .
the company 2019s deferred tax assets in canada result principally from depreciation deducted under gaap that exceed capital cost allowances claimed under canadian tax rules .
the deferred tax asset will naturally reverse upon disposition as tax basis will be greater than the basis of the assets under generally accepted accounting principles .
as of december 31 , 2014 , the company determined that no valuation allowance was needed against a $ 65.5 million net deferred tax asset within krs .
the company based its determination on an analysis of both positive evidence and negative evidence using its judgment as to the relative weight of each .
the company believes , when evaluating krs 2019s deferred tax assets , special consideration should be given to the unique relationship between the company as a reit and krs as a taxable reit subsidiary .
this relationship exists primarily to protect the reit 2019s qualification under the code by permitting , within certain limits , the reit to engage in certain business activities in which the reit cannot directly participate .
as such , the reit controls which and when investments are held in , or distributed or sold from , krs .
this relationship distinguishes a reit and taxable reit subsidiary from an enterprise that operates as a single , consolidated corporate taxpayer .
the company will continue through this structure to operate certain business activities in krs .
the company 2019s analysis of krs 2019s ability to utilize its deferred tax assets includes an estimate of future projected income .
to determine future projected income , the company scheduled krs 2019s pre-tax book income and taxable income over a twenty year period taking into account its continuing operations ( 201ccore earnings 201d ) .
core earnings consist of estimated net operating income for properties currently in service and generating rental income .
major lease turnover is not expected in these properties as these properties were generally constructed and leased within the past seven years .
the company can employ strategies to realize krs 2019s deferred tax assets including transferring its property management business or selling certain built-in gain assets .
the company 2019s projection of krs 2019s future taxable income over twenty years , utilizing the assumptions above with respect to core earnings , net of related expenses , generates sufficient taxable income to absorb a reversal of the company 2019s deductible temporary differences , including net operating loss carryovers .
based on this analysis , the company concluded it is more likely than not that krs 2019s net deferred tax asset of $ 65.5 million ( excluding net deferred tax assets of fnc discussed above ) will be realized and therefore , no valuation allowance is needed at december 31 , 2014 .
if future income projections do not occur as forecasted or the company incurs additional impairment losses in excess of the amount core earnings can absorb , the company will reconsider the need for a valuation allowance .
provision/ ( benefit ) differ from the amounts computed by applying the statutory federal income tax rate to taxable income before income taxes as follows ( in thousands ) : .

2014
2013
2012
Federal provision/(benefit) at statutory tax rate (35%)
$7,762
$(1,697)
$2,936
State and local provision/(benefit), net of federal benefit
1,304
(205)
230
Acquisition of FNC
-
(9,126)
-
Other
-
229
(25)
Total tax provision/(benefit) – U.S.
$9,066
$(10,799)
$3,141

.

Question: Analyse this data from a financial earnings document. what percentage of the total tax benefits came from the acquisition of fnc?
Choices:
98551674
0.01861
0.84508
45.40299
0.00845
Correct choice index: 2