Saif is a non-resident of Australia and he has received a fully franked dividend of $700, which has a $300 franking credit and also a partially franked dividend of $1,400, franked to 80%, from Quarry Bank. What is the amount of the franking tax offset that Saif is entitled to?
A) $780
B) $480
C) $300
D) $0
Correct Answer:
Verified
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