myCourses - Blac... Homepage Microsoft Office H. CengageNOWv2... Strategy Up - Busi... Connect - Class: I https: Remaining Time: 1 hour, 18 minutes, 35 seconds. Question Completion Status: QUESTION 46 To protect against the negligence penalty for substantial understatement of the tax liability (without disclosure), the taxpayer's position must have substantial authority. True False QUESTION 47 Penny owned 2,000 shares of Dollar Inc. common stock that were purchased in Year 1 at $10.50 per share. Penny received a 5% non- taxable dividend of Dollar common stock in Year 2. In Year 5, the stock split 2 for 1. In the current year Henny sold 800 shares. What is Penny s basis in the 800 shares sold? $4,000 $8,000 $8,400 $16,800 $21,000 QUESTION 48 Mills College and is awarded a masters degree at the end of the current year. Her ayments