Answer
$ \frac{1}{4}$.
Work Step by Step
$\frac{5}{12} - \frac{1}{3} = \frac{7 }{12} - \frac{1 \cdot 4}{3 \cdot 4} = \frac{7}{12} - \frac{4}{12} = \frac{7 - 4}{12} = \frac{3}{12} = \frac{1}{4}$.
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