The Manila Electric Co. said this is due to the increase in generation charge or the cost of power purchased by Meralco from power plants, and the new line item of four cents per kwh representing feed-in-tariff allowance for renewable energy players (FIT-ALL).
Some people have to pay federal income taxes on their Social Security benefits. This usually happens only if you have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return) in addition to your benefits.f you: 1  file a federal tax return as an individual and your combined income* is. 2  between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
How Social Security Income is Taxed. 1  If youâre single and your total combined income for the year is between $25,000 and $34,000, then up to 50% of your benefits can be taxed. 2  If youâre single and your total combined income for the year is greater than $34,000, then up to 85% of your benefits can be taxed. If youâre married filing jointly and your total combined income for the year is between $32,000 and $44,000, then up to 50% of your benefits can be taxed. If youâre married filing jointly and your total combined income for the year is greater than $44,000, then up to 85% of your benefits can be taxed. SSA-1099: Youâll Need It. If youâre already receiving Social Security benefits, you can use your SSA-1099 form (Social Security Benefit Statement) to determine how much of your benefits ...