7. What is the difference between gross pay and net pay? (1 Point) Gross pay is the amount an employee earns before taxes and deductions, while net pay is the amount the employee takes home after taxes and deductions. Gross pay is the amount an employer pays an employee, while net pay is the amount an employee receives after performance bonuses. Gross pay is the amount an employee earns after taxes and deductions, while net pay is the amount the employee takes home before taxes and deductions. Gross pay and net pay are the same thing. 8. Which of the following is an effective internal control over payroll? (1 Point) The HR manager personally approves all employee timesheets The payroll department prepares paychecks without veritying employee hours Payroll checks are signed by the same person who prepared them Employees are allowed to change their own hours on their timesheets