Class variables: Class variables are variables declared with in a class, outside any method, with the static keyword. A class can have any number of methods to access the value of various kinds of methods. In the above example, barking(), hungry() and sleeping() are methods.
New Mexico FICA Tax Rate and FICA Tax Limits. The FICA tax rate is 15.3% of taxable wages. The FICA Tax is comprised of the Social Security Tax and Medicare Tax. The Social Security taxable wage base is the first $118,500 paid in wages to each employee during a calendar year. The Medicare Tax has no income limit. New Mexico Social Security Tax Rate is 12.4%. New Mexico Medicare Tax Rate is 2.9%.
Social Security and Medicare (FICA) Tax Deductions. FICA refers to the combined taxes withheld for Social Security and Medicare (FICA stands for the Federal Insurance Contributions Act). On your pay statement, Social Security taxes are referred to as OASDI, for Old Age Survivor and Disability Insurance. Medicare is shown as Fed Med/EE. Your FICA withholdings depend on the employee group you belong to: