Under the tax law in 2012, you could claim all of your charitable contributions as a deduction on your federal income tax (if you decided to itemize your deductions), and the top marginal tax rate was 35 percent. What is the cost of a $400.00 charitable contribution under the 2012 tax law for someone who itemizes and who is in the top tax bracket? The cost of a $400.00 contribution is $ . (Round your response to two decimal places.)