Final answer:
The term 'payroll' pertains to both salaries and wages of employees.
Step-by-step explanation:
The term 'payroll' pertains to both salaries and wages of employees. This statement is true. Payroll refers to the total amount of money that a company pays to its employees for the work they have done. It includes both salaries, which are fixed amounts paid to employees on a regular basis, and wages, which are payments based on the number of hours worked or the tasks completed.