For the year 2017, Adam and Elsie Rodriguez reported the following items of income:
Adam Elsie
Salary………………………………………………….. $60,000 $ 200
Interest Income………………………………………... 1,000 ---
Cash prize won on T.V game show…………………… --- 8,000
Total.........................................................................$61,000 $9,000
Adam is not a participant in any qualified retirement plan and Elsie established individual retirement accounts during the year. Assuming a joint return was filed for 2016 and that they are both age 52, wat is the maximum amount that they can be allowed for contributions to their individual accounts for 2016?