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.
Fringe benefits for employees can take the form of property, services, cash, or some cash equivalent (something that can be turned into cash, such as a gift card or savings bonds). Generally speaking, fringe benefits are taxable to the employee and must be included as supplemental income on the employee's W-2 form.