Step 1: The principal stresses are the diagonal elements of the stress matrix:
\[
\sigma_1 = 40 \text{ MPa}, \quad \sigma_2 = 10 \text{ MPa}, \quad \sigma_3 = 0 \text{ MPa}
\]
Step 2: The formula to calculate the maximum shear stress is:
\[
\text{Maximum Shear Stress} = \frac{\sigma_{\max} - \sigma_{\min}}{2}
\]
Substituting the values:
\[
\text{Maximum Shear Stress} = \frac{40 - 0}{2} = 20 \text{ MPa}
\]
Conclusion: The maximum shear stress at the point is \( \mathbf{20} \) MPa, which corresponds to option (A).