Larry, a taxpayer who will use the single filing status, was a shareholder in an S corporation. The corporation was sold in 2022, and Larry received proceeds of $85,000 from the sale. His only other income for the year was $150,000 in wages. If Larry materially participated in the S corporation's business activities, how much of his income is subject to the net investment income tax?

a. $0

b. $35,000

c. $85,000

d. $235,000