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Explanation:

Step1: Find common denominator

The least common denominator of 4 and 12 is 12. Convert $\frac{2}{4}$ to twelfths:
$\frac{2}{4} = \frac{2 \times 3}{4 \times 3} = \frac{6}{12}$

Step2: Subtract the fractions

Subtract the numerators, keep the denominator:
$\frac{6}{12} - \frac{2}{12} = \frac{6 - 2}{12} = \frac{4}{12}$

Step3: Simplify the result

Reduce the fraction to lowest terms by dividing numerator and denominator by 4:
$\frac{4 \div 4}{12 \div 4} = \frac{1}{3}$

Answer:

$\frac{1}{3}$