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%.
The 2014 FICA tax rate is 6.2% for social security taxes and 1.45% for Medicare taxes. This is the employeeâs contribution. The employer gives that much again for a total of 12.4% and 2.9% respectively that goes to the IRS on behalf of each employee. This reflects no change from 2013 (most of tax year 2012).