What Is Double Time Pay?
Formula
Double-time pay = hours × regular rate × 2. Four hours at a 20 regular rate is 160.
Double Time vs. Time-and-a-Half
Time-and-a-half pays 1.5 times the regular rate and is the federal overtime standard in the United States. Double time pays 2 times the regular rate. On a 20 regular rate, one hour is 30 at time-and-a-half and 40 at double time.
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Last updated: September 27, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.