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.
True Tax Lease Vs Non-Tax Lease. The true lease offers all of the primary benefits commonly attributed to leasing. It is a tax-oriented lease in which the Lessor claims the tax benefits of ownership through depreciation deductions, but passes through to the Lessee those benefits in the form of reduced rentals. The Lessor owns the leased equipment for the life of the contract.
Working condition fringes. A working condition fringe benefit is tax-free to an employee to the extent the employee would be able to deduct the cost of the property or services as a business or depreciation expense if he or she had paid for it. If the employee uses the benefit 100% for work, it is tax-free.