Final answer:
The flat corporate tax rate of 34% on taxable income from $335,000 to $10,000,000 would suggest a tax liability of $340,000 for Joshua, Inc. As none of the answer choices matches this calculation, additional information on deductions and credits would be required to determine the correct tax liability.
Step-by-step explanation:
According to the tax information provided, Joshua, Inc. with a taxable income of $1,000,000 would fall within the corporate tax rate structure that applies a flat rate of 34% on incomes from $335,000 to $10,000,000. This information allows us to calculate the federal tax liability by multiplying the taxable income by the tax rate. Thus:
Tax liability = 0.34 × $1,000,000
Tax liability = $340,000
However, since none of the provided answer choices matches this calculation, it's important to note that corporate tax rates can be affected by various deductions and credits, potentially altering the effective tax rate. As such, based on the answer choices given, it is not possible to determine Joshua Inc.'s federal tax liability without additional information.