Meera is an Australian tax resident individual. After applying the marginal tax rates, Meera has calculated her basic income tax liability under s 4-10 of the Income Tax Assessment Act 1997 (ITAA 1997) as $100 for the income year ended 30 June 2022. During the same income year, she had also paid foreign income tax of $400 and received franking credits of $750.

What is Meera's tax refund for the income year ended 30 June 2022?

A:Nil

B: $650

C; $750

D: $1,050