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\frac{1}{12}-\frac{3}{12}
Least common multiple of 12 and 4 is 12. Convert \frac{1}{12} and \frac{1}{4} to fractions with denominator 12.
\frac{1-3}{12}
Since \frac{1}{12} and \frac{3}{12} have the same denominator, subtract them by subtracting their numerators.
\frac{-2}{12}
Subtract 3 from 1 to get -2.
-\frac{1}{6}
Reduce the fraction \frac{-2}{12} to lowest terms by extracting and canceling out 2.