A new survey by the American Institute of CPA's reveals that parents give their kids an average of $780 a year in allowance.

61% of parents pay an allowance and good grades are also rewarded with an average of $16.60 for every 'A'

50% of parents expect to financially support their children until age 22 or older.

Do you give an allowance? How much do you think is fair? What chores do your kids do in order to earn their allowance?