The Trend Analysis Report of Doppler Inc Which of the Following Is a Correct Conclusion from the \begin{array}

question 88

Multiple Choice

The trend analysis report of Doppler Inc. is given below: $$\begin{array} { | l | r | r | r | r | r | } \hline \text { In millions) } & 2017 & 2016 & 2015 & 2014 & 2013 \\\hline \text { Net income } & \$ 650 & \$ 602 & \$ 456 & \$ 403 & \$ 398 \\\hline \text { Trend percentages } & 163 & 151 & 115 & 101 & 100 \\\hline\end{array}$$ Which of the following is a correct conclusion from the above analysis?

• A) Net income for the year 2015 has increased by 115% over that for the year 2013.
• B) Net income for the year 2015 has decreased by 15% over that for the year 2013.
• C) Net income for the year 2015 has decreased by 115% over that for the year 2013
• D) Net income for the year 2015 has increased by 15% over that for the year 2013.

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Definitions:

For AGI Deduction

refers to deductions that are made from gross income to determine the adjusted gross income on a tax return.

Early Withdrawal Penalty

A fee imposed for withdrawing funds from certain retirement accounts or investments before a specified age or period.

1040A

A simplified version of the IRS Form 1040 used for personal income tax filing, now obsolete and replaced with the redesigned Form 1040.

Head of Household

A tax status in the United States for single individuals who cover more than fifty percent of the expenses for maintaining a home where they, along with a qualifying individual, reside.