Estate planning

Henry and Harriet are married. They have never made any previous inter vivos gifts. In 2020, they give $90,000 to a trust which provides a life income interest to three friends. What is the proper gift taxation for that transfer?

A. The full $90,000 is a taxable gift but they will owe no gift tax. B. $45,000 is a taxable gift. C. None of it is a taxable gift D. The full $90,000 is a taxable gift on which they must pay a 40% tax.