Liquidate means to convert assets into cash or cash equivalents by selling them on the open market. Liquidate is also a term used in bankruptcy procedures in which an entity chooses or is forced by a legal judgment or contract to turn assets into a liquid form.
The compensation rate for a workersâ compensation claim is calculated based on your average weekly wage. In South Carolina, the compensation rate is 66 2/3% of the average weekly wage subject to the maximum and minimum compensation rates in effect on the date of injury. The compensation rate is set as of the date of injury and is not affected by later changes in the allowed maximum or by inflation. The benefits that you receive are not taxable. A Form 20 is used to calculate an employeeâs average weekly wage.
After completing the OSHA 300, a manager uses the information to calculate a DART rate. To calculate the DART rate, you multiply the number of injuries that led to days away from work, job restriction and job transfer by 200,000.Then you divide the result by the total number of hours worked by all employees during the calendar year.ssume a company had 25 injuries resulting in time away from work, job restriction or job transfer. If all employees worked a total of 400,000 in the calendar year, the DART rate would be 12.5 -- 25 times 200,000 divided by 400,000.