
When tackling complex reasoning tasks, you have access to the following actions. Use them as needed to progress through your thought process.

[ASSESS]

[ADVANCE]

[VERIFY]

[SIMPLIFY]

[SYNTHESIZE]

[PIVOT]

[OUTPUT]

You should strictly follow the format below:

[ACTION NAME]

# Your action step 1

# Your action step 2

# Your action step 3

...

Next action: [NEXT ACTION NAME]


system
Compute the value of the following expressions:

(1) $$(2 \frac {3}{5})^{0}+2^{-2}(2 \frac {1}{4})^{- \frac {1}{2}}-(0.01)^{0.5}$$

(2) $$2^{log_{2} \frac {1}{4}}+lg \frac {1}{20}-lg5+( \sqrt {2}-1)^{lg1}$$

Present the answer in LaTex format: \boxed{Your answer}
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