Determine the overall oxidation state of the iron oxide compound present. This information is most commonly presented in the upper right corner of the compound, similar to where an exponent is displayed.
Multiply the oxidation charge of the oxygen by the number of oxygen atoms present. For reference, the oxidation charge of oxygen is -2.
Subtract the total charge value of the oxygen atoms present from the overall charge of the compound. It is important to remember that a negative quantity is being subtracted from the overall charge. This operation yields the overall charge of the iron atoms present in the compound.
Divide the overall charge of the iron atoms present in the compound by the number of iron atoms. The result of this operation yields the oxidation state of each iron atom.
Rewrite the compound to express the oxidation state of the iron. For example if the oxidation state of the iron was determined to be +3 the compound would be written as iron (III) oxide, to reflect the charge on the iron.