Two items: #1 - apply your deductions ($24,000 standard, or more if your itemized deductions are greater). This gets your "taxable income". #2 as an MFJ Filer, your first $19,400 of taxable income is taxed at 10%, the next $59,550 is taxed at 12%, the next $89,450 is taxed at 22%, and the remaining amount over $168,400 is taxed at 24%. Your marginal rate is 24%, your average rate is something less.
