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.
Many employee fringe benefits are exempt from payroll taxes, both Federal Insurance Contributions Act (FICA) or Federal Unemployment Tax Act (FUTA) taxes, as long as certain requirements are met. And because they are not taxable to the employee for income tax purposes, there is no need to withhold income tax on the value of the payments. There are certain fringe benefits that are not totally exempt from payroll taxes. For example, an employee fringe benefit may be exempt from withholding, but still subject to FICA and FUTA taxes.