Indentations
You can make simple adjustments with the indent buttons
in the Paragraph group: increase and decrease.
There are additional options you can edit by clicking on
the the small arrow in the lower right corner.
Try It: Edit the Indentation
Go to Home -> Paragraph ->Paragraph.

What Do You See? The Left indent aligns the
bullets or numbers in the list.
The Hanging indent aligns the text .25" away from
the bullets.