Detailed Instructions: You are given a math word problem and you are supposed to make use of mathematical concepts like probability, combinatorics, linear equations, sequences/series, or simple operators like addition, subtraction, division, or multiplication to answer the given question. Choose the best option from the 5 given options and report that option.
Problem:Question: Last year, Company X paid out a total of $1,050,000 in salaries to its 43 employees. If no employee earned a salary that is more than 20% greater than any other employee, what is the lowest possible salary that any one employee earned?

Option A: $20,428.01

Option B: $41,667

Option C: $42,000

Option D: $50,000

Option E: $60,000
Solution:
Option A