It depends on the employer and the type of employer you are considered. There is always the possibility of penalties and/or termination for not completing the work you were hired to do.
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In the U.S., that depends on your employer. Assuming you are "not-exempt" (i.e., required to be paid by the hour), you must be paid for the time you worked and cannot be subjected to a financial penalty for the time not worked. You may be fired.
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