I am well and truly stuck in my approach. Do we use a known cosine value close to $1$ like, $\pi/4$ with the Taylor Series, and then substitute $1$ back in at the end? I feel super confused about the approach, because I tried the Taylor expansion to 6 degrees centered at $1$, but then it all cancels out, leaving me with $\cos1$.
Then I tried the series centered at zero: $1-(x^2/2!)+(x^4/4!)-(x^6/6!)$ So, $T_6(x)$ is approx $0.540278$. So then I tried the error term: $R_6(x)= \sin(c)x^7/7!$ $c$ exists from $]0,x[$ (side question: Why are the endpoints not included on the interval?) I let $x=1$ and since $\sin c$ is less than or equal to $1$, $<1/7!$ $<0.00019841$. So, does that mean we are accurate to $3$ decimal places?? I am so lost!
You are properly using the Taylor series centered at $0$. You can get a better error estimate by using the alternating series theorem instead of the normal Taylor series error term. The alternating series theorem says that if you have a convergent series with alternating terms that are monotonically decreasing to zero, the error is smaller than the first neglected term and of opposite sign. This would say the error is less than $\frac 1{8!}$ and negative.
You can do much better if you center the Taylor series at $\frac \pi 4$. Your series is then $$\cos 1 \approx \frac {\sqrt 2}2-(1-\frac \pi 4)\frac {\sqrt 2}2-\frac 1{2!}(1-\frac \pi 4)^2\frac {\sqrt 2}2+\frac 1{3!}(1-\frac \pi 4)^3\frac {\sqrt 2}2+\frac 1{4!}(1-\frac \pi 4)^4\frac {\sqrt 2}2-\frac 1{5!}(1-\frac \pi 4)^5\frac {\sqrt 2}2-\frac 1{6!}(1-\frac \pi 4)^6\frac {\sqrt 2}2$$
The powers of $1-\frac {\sqrt 2}2$ help a lot. That is the advantage of centering nearby.