Antoine immigrated from Italy last century, became a citizen and has worked the better part of his life in the United States, for which he is truly thankful. His full retirement age for Social Security benefits is age $66,$ but after a hard life working he wants to retire at age $63$ and travel in America and back to his homeland. After contacting the Social Security administration, they informed him that his benefit at age $63$ would be $$1,200$ per month. Just prior to retiring, he sold his business for $$100,000.$ Which of the following statements is correct?

Question $2$ options:

The sale of the business will not impact the amount of his retirement benefits from Social Security.

The sale of the business will cause his benefits to be reduced by $$1$ for every $$2$ over the annual limit$.$

The sale of the business will definitely increase the portion of his Social Security benefits that are subject to income tax

The sale of the business may cause him to pay a higher Medicare Part B premium in the year of the sale due to his higher income.