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.
Social Security is the foundation of economic security for millions of Americansâretirees, disabled persons, and families of retired, disabled or deceased workers. About 169 million Americans pay Social Security taxes and 61 million collect monthly benefits. About one family in four receives income from Social Security. Social Security is largely a pay-as-you-go program. This means that today's workers pay Social Security taxes into the program and money flows back out as monthly income to beneficiaries. As a pay-as-you-go system, Social Security differs from company pensions, which are âpre-funded.â