George and Henrietta utilize the annual gift tax exclusion as a powerful tool for estate planning. Which of the following is correct? Question 8Select one: a. The gift tax exclusion is limited to $50,000 total. b. The donee does not have to be related to the taxpayer. c. The taxpayer and spouse together are limited to $17,000 per donee in 2023. d. The exclusion is phased out with an AGI above $265,000.