Byron, a resident of Australia, received a partially franked dividend, franked to 80%, for $1,400 from CBC Bank and a partially franked dividend, franked to 40%, for $1,360 from Sea Worths Ltd in the last tax year. What is the amount of the franking tax offset that Byron is entitled to?

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The Answer of Byron, a resident of Australia, received a partially franked dividend, franked to 80%, for $1,400 from CBC Bank and a partially franked dividend, franked to 40%, for $1,360 from Sea Worths Ltd in the last tax year. What is the amount of the franking tax offset that Byron is entitled to?

Byron, a Resident of Australia, Received a Partially Franked Dividend