UT-Holiday or Undertime-Holiday is shown when the employee is eligible for holiday pay on a shift that does not fall on a rest day. On rest days, this will reflect as holiday only since no undertime is applied on rest days.
For monthly and daily paid employees:
Basic Pay = +100%
Did not work on Holiday (UT-holiday) = -100%
Has Holiday Pay due to Holiday = + 100%
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Total Payment = 100% Holiday Pay