Compiamo il compito oggi.

Compiamo already includes the subject we.

In Italian, verb endings usually show who is doing the action:

• compio = I do/complete
• compi = you do/complete
• compie = he/she does/completes
• compiamo = we do/complete
• compite = you all do/complete
• compiono = they do/complete

So noi is optional. You could say Noi compiamo il compito oggi, but it is usually unnecessary unless you want emphasis or contrast.

It is the present indicative.

Here it can mean:

• we complete the task today
• we are completing the task today
• sometimes, depending on context, we will complete the task today

Italian present tense often covers both simple present and near-future ideas when a time word like oggi is present.

It comes from the verb compiere.

Compiere can mean things like:

• to complete
• to carry out
• to fulfill
• to accomplish

In this sentence, it suggests completing or carrying out a task.

Il is the masculine singular definite article, meaning the.

So:

• il compito = the task / the assignment / the homework, depending on context

Italian uses articles more often than English does, so where English might sometimes say just homework, Italian often says il compito or i compiti.

It can mean either, depending on context.

Common meanings of compito include:

• task
• assignment
• schoolwork / homework

So this sentence could sound a little formal or context-dependent. In everyday speech, if someone means do homework, Italians very often say:

• Facciamo i compiti oggi.

That is one reason this sentence may sound more like we carry out/complete the task today than casual we do homework today.

Both verbs can relate to doing something, but they are not always equally natural.

• fare = the general verb to do / to make
• compiere = to carry out / to accomplish / to complete, often more formal

So:

• Facciamo il compito oggi = more everyday, depending on context
• Compiamo il compito oggi = more formal or more focused on completing/carrying out the task

A learner should know that compiere is correct, but fare is often more common in ordinary conversation.

Oggi means today, and its position is flexible.

You can say:

• Compiamo il compito oggi.
• Oggi compiamo il compito.
• Il compito lo compiamo oggi.

The version with oggi at the end is completely natural. Putting it at the beginning often gives more emphasis to today.

A helpful approximate pronunciation is:

kom-PYAH-mo

A few details:

• ci before a, o, u is usually a ch sound, but here the spelling is pia, not cia
• pia in compiamo sounds like pya
• the stress is on -pia-: com-PIA-mo

So the word flows as com-pya-mo.

It is partly regular-looking, but you should treat it as a verb with some special forms.

Some present tense forms are:

• compio
• compi
• compie
• compiamo
• compite
• compiono

Notice the extra i in some forms. Because of patterns like this, it is better to learn the main forms rather than assume it behaves exactly like a completely regular -ere verb.

Yes, sometimes.

Because of oggi, Italian present tense can refer to a planned action in the near future. So depending on context, Compiamo il compito oggi could mean:

• We complete the task today
• We’re completing the task today
• We’ll complete the task today

Italian often uses the present where English might choose will or going to.