Because interest earned on U$.$S$.$ bonds and notes is not taxed by Oregon, special treatment is required if expenses related to this income is deducted as an itemized expense on your federal return.$$ Because Oregon does not tax this income, it does not allow a deduction for the expenses.$$ The subtraction taken for the income must therefore be reduced by the amount of deductions taken on your federal return.$$ Using this information please complete the exercise below.

Jose earned $$500\mathrm{.}00$ from Series I U$.$S$.$ Savings Bonds.$$ Expenses related to the purchase of the bonds, totaling $$50\mathrm{.}00$ was deducted on IRS$$Schedule A$.$What will be the total of$$Jose$\text{'}$s Oregon subtraction?