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\frac{1}{4}+\left(\frac{1}{2}\right)^{2}-5^{0}
Multiply \frac{1}{2} and \frac{1}{2} to get \frac{1}{4}.
\frac{1}{4}+\frac{1}{4}-5^{0}
Calculate \frac{1}{2} to the power of 2 and get \frac{1}{4}.
\frac{1}{2}-5^{0}
Add \frac{1}{4} and \frac{1}{4} to get \frac{1}{2}.
\frac{1}{2}-1
Calculate 5 to the power of 0 and get 1.
-\frac{1}{2}
Subtract 1 from \frac{1}{2} to get -\frac{1}{2}.