Credits Question 17 of 50. The portion of the American Opportunity Credit (AOC) that is refundable is O 40% of expenses up to $1,000. A maximum of $2,500. 50% of the first $4,000 of expenses. 20% of expenses up to $10,000. Mark for follow up Question 18 of 50. Which statement about the Credit for Other Dependents is FALSE? O The qualifying dependent may have an ITIN or ATIN (adoption tax identification number). O The qualifying dependent may be the taxpayer's aging parent. O The qualifying child may be 17 years of age or older. The credit is $1,000 per qualifying dependent. Mark for follow up Question 22 of 50. Which of the following assets is depreciable property eligible for the $179 expense deduction? O Used office furniture if it is new to the taxpayer. O An apartment building leased to tenants Qualifying improvements to an existing office by installing an elevator. A computer that was given to the taxpayer as a gift but used 100% for business. Mark for follow up