Niles has $3,000 he considers his emergency fund. Suppose, Niles contributed the money to a Roth IRA at his brokerage firm. The invested funds in the IRA earned 5% (APY) this year and the brokerage firm charged total fees of $85. His marginal tax rate is 22%.

A. Calculate the balance of the fund after one year, not accounting for fees.

B. Suppose he has an unexpected car repair of $1,000 and must make a withdrawal. What are the penalties and taxes associated with this withdrawal?

C. What does Niles have left after making the withdrawal and paying all relevant penalties, fees, and taxes?