I'm not sure if I follow you... Do want an edited MP3 file for your PC, or do you want to alter the track and burn it back to a CDA?
You first should rip the CD (actually CDA) using something like MusicMatch and save it as an MP3, then using GoldWave you can edit the MP3 file and remove or alter what you want.
If you are going to burn it back to a CDA and fear the huge files, use MP3 as the file (192kbps though 320kbps).