Only the Social Security tax has a wage base limit. The wage base limit is the maximum wage that is subject to the tax for that year. For earnings in 2015, this base is $118,500. Refer to Whatâs New in Publication 15 for the current wage limit for Social Security wages; or Publication 51 for agricultural employers.There is no wage base limit for Medicare tax.axes under the Federal Insurance Contributions Act (FICA) are composed of the old-age, survivors, and disability insurance taxes, also known as Social Security taxes, and the hospital insurance tax, also known as Medicare taxes. Different rates apply for these taxes.
Physical properties are those that can be observed without changing the identity of the substance. The general properties of matter such as color, density, hardness, are examples of physical properties. Properties that describe how a substance changes into a completely different substance are called chemical properties. Flammability and corrosion/oxidation resistance are examples of chemical properties.
Definitions of physical property. 1. (physics) the property of a body that determines the fraction of the incident radiation or sound flux absorbed or absorbable by the body. the property of being dissoluble. the physical property of being soft and drippy. the ability to reflect beams or rays.