Question

How should a photo,graphic,image,illustration be referenced in a report?

Answer 1

with a footnote on the report's title page with information about the source in a caption underneath the image with an entry in the table of contents with an entry about the image at the top of the works cited page

Answer 2

Use italics for the word “Figure” followed by a sequential number (assuming you are using more than one image).
Give the image a brief, descriptive title.
The creator or owner of the image and its year of creation, preceded by the word Source: and enclosed in parentheses.