Phone, Inc., a South African corporation eligible for treaty benefits under the US Model Income Tax Treaty, receives a $$10,000$ dividend from Clock, Inc., a U$.$S$.$ corporation. Phone Inc. owns $15\%$ of Clock Inc. Phone gives Clock a completed W$-8$BEN$-$E$.$ Clock should withhold $$500$ of taxes on the dividend payment.

Question $6$ options:

True

False