Jorge is single and owns $30,000 of stock he originally purchased four years ago for $7,000. His

Question:

Jorge is single and owns $30,000 of stock he originally purchased four years ago for $7,000. His adjusted gross income (AGI) is $40,000. If Jorge donates the stock to his church, which of the following is the maximum amount he can deduct as a charitable contribution for this gift on his federal income tax return this year?
a. $12,000.
b. $15,000.
c. $20,000.
d. $30,000.