Trevor Is a Resident of Australia and Who Owns 1

Trevor is a resident of Australia and who owns 1.000 shares in BBC Bank and during the 2020 tax year the Bank paid him a total of $1,400 in fully franked cash dividends. In light of these facts, which of the following is true?

A) Trevor will need to include both the $1,400 dividend and the $600 franking credit into his assessable income
B) Trevor only needs to include the $1,400 cash franked dividend received into his assessable income as he did not physically receive the franking credit
C) As a resident, Trevor does not include the franking credit into his assessable income
D) The $600 franking credit is taken off the assessable income amount and so Trevor only needs to include $800 into his assessable income