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

O $159,500.

$155,800

$155,450