Moss Incorporated Is a Washington Corporation Moss' Oregon Depreciation Was $145,500

Short Answer

Moss Incorporated is a Washington corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year: $$\begin{array} { l r l } \text { Item } & \text { Amount } & \text { Federal Treatment } \\\text { Oregon Income Taxes } & \$ 25,750 & \text { Deducted on federal return } \\\text { Washington B\&O Tax } & \$ 15,500 & \text { Deducted on federal return } \\\text { Oregon Bond Interest } & \$ 10,000 & \text { Excluded from federal return } \\\text { Washington Bond Interest } & \$ 15,000 & \text { Excluded from federal return } \\\text { Federal T-Note Interest } & \$ 7,500 & \text { Included on federal return } \\\text { Depreciation } & \$ 134,250 & \text { Deducted on federal return }\end{array}$$ Moss' Oregon depreciation was $145,500. Moss' Federal Taxable Income was $549,743. Calculate Moss' Oregon state tax base.