What does it mean to be Employed?
To be employed means to do work in exchange for payment.
See also, the definition of Employee
An employee is someone who is employed and performs a service for a company in exchange for wages or salary. In general, a business owner must withhold income taxes on wages paid to an employee. They must also withhold and pay Social Security and Medicare taxes, including unemployment tax on wages paid to an employee.
Additionally, the IRS classifies a worker as an employee, if:
- The person performs services for an organization.
- If the organization can control what will be done and how it will be done.
- They earn a specific wage/salary.
Related Terms: Employee