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%.
Calculating Your FICA Taxes. The Social Security portion of the FICA tax is a flat 6.2% of gross compensation for wage earners, whereas the Medicare portion of the tax is 1.45% . These taxes are levied on both the employee and employer so, for every dollar taken from your paycheck, your employer is also paying a dollar.alculating Your FICA Taxes. The Social Security portion of the FICA tax is a flat 6.2% of gross compensation for wage earners, whereas the Medicare portion of the tax is 1.45% . These taxes are levied on both the employee and employer so, for every dollar taken from your paycheck, your employer is also paying a dollar.