With those settings saved, next insert the CD you want to copy into your computer's CD/DVD drive.
Your computer will process for a moment and the CD will appear in iTunes. Depending on what version of iTunes you have, the CD will appear in different places. In iTunes 11 or higher, click the drop-down menu in the top left corner of iTunes and select the CD. In iTunes 10 or earlier, look for the CD in the left-hand tray under the Devices menu. If your computer is connected to the Internet, the CD name will appear there, while in the main iTunes window the artist name and song titles will also appear.
If this information doesn't show up, you may be disconnected from the Internet (or the CD doesn't exist in the database that contains album and song names). This won't prevent you from ripping the CD, but it means that the files won't have song or album names. To prevent this, eject the CD, connect to the Internet and re-insert the disc.
NOTE: Some CDs use a form of digital rights management that makes it difficult to add songs to iTunes (this is not terribly common anymore, but it does still pop up from time to time). This is a controversial practice by record companies and may or may not be maintained. This tutorial does not cover importing songs from these CDs.