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.
Benefits of Pre-Tax Voluntary Payroll Deductions. Pre-tax payroll savings are one of the hidden benefits of offering voluntary employee benefit programs. Since the employees pay for the programs themselves, both employer and employees save money. Pre-tax deductions are not subject to FICA obligations for both parties.