Looking at the numbers that you have shared for taxable income and tax, it appears that you are looking at the tax rates and calculating the tax for your income on a standalone basis.
When using the Foreign Earned Income Exclusion, the tax rate used is the rate that would apply before your wife's income is excluded, applied only to the taxable income.
See "figuring the tax on income not excluded" from instructions for Form 2555 found here: Form 2555 Instructions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
