Income Calculations: MICAL Overview

MICAL is an application used to convert income that is received more often than monthly to a monthly amount or to average income received in the past to anticipate countable income for the future. The MICAL application is accessible either through ACES or through the income tab in FACS. This application is not the same as the MICAL transaction in IMS. The MICAL application has been updated and has more functionality than the MICAL transaction available in IMS. Use of the MICAL application is the AFS standard for computing income.

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