The answer is not zero or none of these.

This year Nathan transferred $1 million to an irrevocable trust established for the benefit of his nephew. The trustee is directed to accumulate income for the next 5 years before distributing the trust corpus to Nathan's nephew. In past years Nathan has made taxable gifts of $6 million and used all of his unified credit. What amount of gift tax, if any, must Nathan remit in 2017 ? Ignore the annual exemption of $15.000 $159,500 $155,800. $155,450 zero - there is a $10 million exemption equivalent. None of these. The amount of tax cannot be catimated without the use of a tax fate schedule