Error while entering a wage type through TCODE CAT2

Hi Gurus,
I was trying to enter a wage type through TCODE CAT2 received and error " Invalid Wage type  for this work date"
Could you please let me know what would be the reason

Is that WT newly created ?
If not, what is special about that day ?  Is it a working day for the employee, is it a Public Holiday, does teh WT have a relationship with the Daily Work Schedule, etc... ?

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