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.
Tax-free employee fringe benefits include: 1  health insurance (up to certain dollar amounts) 2  accident insurance. 3  Health Savings Accounts.  dependent care 1  assistance. educational assistance.  group term life insurance coverageâlimits apply based on the policy value.