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.
Employee and employer national insurance (NI) contribution are calculated based on gross pay in the normal way so, unless you use salary sacrifice arrangements, employees and employers do pay NI on the pension contributions deducted from employees pay.mployee and employer national insurance (NI) contribution are calculated based on gross pay in the normal way so, unless you use salary sacrifice arrangements, employees and employers do pay NI on the pension contributions deducted from employees pay.