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.
Qualified transportation fringe benefits, which are not taxable to the employees but are deductible by you, are the following employee benefits: 1  transportation in a commuter highway vehicle (a van pool) if the transportation is between an employee's home and work place.