Even with fractions, we still use the order of operations. The acronym to remember this is PEMDAS. First is parentheses, then exponents, multiplication/division, addition/subtraction.
The given problem is
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First we simplify what's in the parentheses. PEMDAS then applies in the parentheses, and since they are no further parentheses or exponents, we look at multiplication/division and multiply. First let's have all improper fractions.
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Next multiply the fractions: numerator with numerator and denominator with denominator.
Next in the parentheses is addition/subtraction.
Now apply PEMDAS again, and since there are no parentheses or exponents to simplify, we multiply.
Finally find a common denominator and add.