Jake has 5 fewer peaches than Steven who has 48 more peaches than Jill. Steven has 26 peaches. How many more peaches does Jake have than Jill?
Steven has 26 peaches. 
Steven has 48 more peaches than Jill. 
This means that Jill has 26 - 48 = -22 peaches. 
Jake has 5 fewer peaches than Steven. 
This means that Jake has 26 - 5 = 21 peaches. 

Jake has 21 peaches and Jill has -22 peaches. Jake has 21 + 22 = 43 more peaches than Jill.