Kalan purchased four new tires at Walmart for $1,000 using there "no payments for 12 months plan." About a year later, before Kalan had made any payments, the tires were not performing as well as Kalan thought they should be, so she went back to Walmart demanding a refund. The manager told her they would credit her account $250 for the tires. What tax consequences for Kalan?

Answer rating: 100% (QA)

1 Original Purchase with Deferred Payment Kalan purchased four new tires for 1000 from Walmart using their no payments for 12 months plan This means s... View the full answer