Last year, Company X paid out a total of $1,050,000 in salaries to its 31 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?	Choose the correct choice
A) $10,000
B) $$28,378.37
C) $42,000
D) $50,000
E) $60,000
Employee 1 earned $x(say)   Employee 2 will not earn more than $1.2x   Therfore, to minimize the salary of any one employee, we need to maximize the salaries of the other 30 employees   (1.2x*30)+x=1,050,000   Solving for x=$28,378.37   Answer $$28,378.37
<result>B</result>
Last year, Company X paid out a total of $1,050,000 in salaries to its 31 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?