Final answer:
Wages and salaries are the largest component of the pay package for the majority of employees in Canada.
Step-by-step explanation:
For the majority of employees in Canada, the largest component of the pay package is wages and salaries. According to Table 1, wages and salaries make up about three-quarters of the total compensation received by workers in the form of hourly compensation. The remaining portion of the pay package consists of benefits such as health insurance, retirement plans, employer payments to Social Security, unemployment and worker's compensation insurance, and other benefits like Medicare.