Bill is a foreign resident and he received a fully franked dividend from Amcor Ltd an Australian resident company during the current tax year ended 30 June. The tax consequences are:

Select one:

1. No withholding tax paid prior to receipt by Bill but he can claim a credit for the imputation credit.

2. Bill will have to include the dividend received in calculating his taxable income in Australia.

3. No withholding tax paid prior to receipt by Bill and he cannot claim a credit for the imputation credit.

4. Withholding tax paid prior to receipt by Bill but he cannot claim a credit for the imputation credit.

5. Withholding tax paid prior to receipt by Bill but he can claim a credit for the imputation credit.