A couple is married and filing jointly. They have an AGI of $158,000 and they will take the standardized deduction. What is their tax bill given 2021 tax brackets? What is their marginal tax rate? What is their effective tax rate?

Tax rate	Taxable income bracket	Tax owed
10%	$0 to $19,900	10% of taxable income
12%	$19,901 to $81,050	$1,990 plus 12% of the amount over $19,900
22%	$81,051 to $172,750	$9,328 plus 22% of the amount over $81,050
24%	$172,751 to $329,850	$29,502 plus 24% of the amount over $172,750
32%	$329,851 to $418,850	$67,206 plus 32% of the amount over $329,850