Compute hourly rate and overtime rates as follows:

1.	Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate).
2.	If the third decimal place is 5 or more, round to the next higher cent.
3.	If the third decimal place is less than 5, drop the third decimal place.

Use the minimum hourly wage of $7.25 in solving this problem.

Gates is paid a semimonthly salary of $900.00. Overtime is paid for hours beyond 40 in each workweek.

One week, Gates works 6 3/4 hours overtime. Gates' pay for this semimonthly pay period is _____.