Step 1: Use the fact that $\vec{E}$, $\vec{B}$ and the propagation direction $\vec{k}$ are mutually perpendicular in an electromagnetic wave.
A true propagation direction must give zero when dotted with both $\vec{E}_m$ and $\vec{B}_m$. Testing each option against this rule rules out most of them right away.
Step 2: Test $i+j$.
\[ \vec{E}_m \cdot (i+j) = (1)(1) + (2)(1) = 3 \neq 0 \] Not perpendicular to $\vec{E}_m$, so ruled out.
Step 3: Test $i-j$.
\[ \vec{E}_m \cdot (i-j) = (1)(1) + (2)(-1) = -1 \neq 0 \] Also ruled out.
Step 4: Test $\pm k$.
\[ \vec{E}_m \cdot k = 0, \qquad \vec{B}_m \cdot k = 0 \] Both vanish since neither vector has a $k$ component, so the direction must be $+k$ or $-k$; only the sign is left to fix.
Step 5: Fix the sign with the right hand rule, curling fingers from $\vec{E}$ towards $\vec{B}$.
Turning from $\vec{E}_m = i+2j$ towards $\vec{B}_m = -i+\frac{1}{2}j$ the short way points the thumb out of the page, along $+k$, matching $\vec{k} \propto \vec{E}\times\vec{B}$.
Final Answer:
\[ \boxed{k} \]