1. **State the problem:** Subtract the fractions $\frac{11}{12} - \frac{1}{3}$ and simplify if possible. 2. **Find the Least Common Denominator (LCD):** The denominators are 12 and 3. The LCD is 12. 3. **Make the fractions have the same denominator:** - $\frac{11}{12}$ already has denominator 12. - Multiply numerator and denominator of $\frac{1}{3}$ by 4 to get $\frac{4}{12}$. 4. **Subtract the fractions:** $$\frac{11}{12} - \frac{4}{12} = \frac{11 - 4}{12} = \frac{7}{12}$$ 5. **Simplify the result:** $\frac{7}{12}$ is already in simplest form. **Final answer:** $\frac{7}{12}$