Francesca is an Australian resident. She receives a $700 fully franked dividend from Rio Tinto. She decides
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Question:
Francesca is an Australian resident. She receives a $700 fully franked dividend from Rio Tinto. She decides to put it in a Dividend Reinvestment Plan (DRP), rather than receiving the cash amount. Assume the company tax rate for Rio Tinto is 30%.
How much will Francesca include in her assessable income in relation to the dividend received?
a). $700
b). $210
c). Nothing as she has not received the cash
d). $1,000
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Cost Management Measuring Monitoring and Motivating Performance
ISBN: 978-0470769423
2nd Canadian edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang-Hsuan Chen, Gail Cook
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