Joe donated stock to a public charity this year. He purchased the stock 3 years ago for $30,000, and on the date of the donation, it had a fair market value of $70.000. What is the amount of Joe's charitable contribution deduction for the year related to this stock (assuming that the amount of the deduction is not affected by any AGI limitations)? 3.$30,000. b. 50. c. $70,000 d. $40,000