The 7.5 hours in the classroom are just the starting point. On average, teachers are at school an additional 90 minutes beyond the school day for mentoring, providing after-school help for students, attending staff meetings and collaborating with peers.
A capital lease is treated like a loan, and the asset is considered owned by the lessee. The tax advantages of operating leases are especially significant for fixed assets such as lighting that are generally depreciated over a very long term (39 years), since the entire lease payment is tax deductible.
1 An employer financed tax-free fringe benefit by which a company pays directly for the cost of an employeeâs use of public transportation or parking (up to the designated tax-free maximum), and the value of such benefit is not added to the employeeâs gross income.