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