Double Time is generally a payment to an Employee at 2 times their base hourly rate and is paid as an incentive to work on a particular day (such as Sunday) or as government-mandated compensation for having workers work on particular days (such as public holidays). These payments will be taxed at the marginal rate, which is the same tax rate as their NORMAL Pay.
All payments made using this type will be calculated using the base rate (multiplied by 2 or 200%), from the following sections, in the following priority;
- The Employees Advanced Pay Set Up unless Calculate Base Rate on Advanced Pay Settings is selected,
- The Employees Special Award Rate,
- The Employees Hours paid at $ in their Award & Agreement.