99.2% Zinc .008% copper
Zinc: 47,98 % Chlorine: 52,02 % The chemical formula is ZnCl2.
Percent Composition by mass: 97.5% Zinc, 2.5% Copper
The composition is .950 copper & .050 tin and zinc, also known as Bronze.
The 1927 British Penny was made from 95.5% copper, 3% tin, and 1.5% zinc.
The metal composition of penny coins made after 1982 is 97.5 percent zinc and 2.5 percent copper. The first penny coins, from 1793 to 1837, were made from pure copper.
If by formula you mean composition, a post-1982 penny is 97.5% Zinc and 2.5% Copper by mass.
Midway through 1982, the composition of the US penny changed from 95% copper and 5% zinc to 97.5% zinc and 2.5% copper (in the form of a coating of pure copper over a core of zinc).
Copper pennies (95% copper, 5% zinc) weigh 3.11 grams. Modern zinc pennies (97.5% zinc, 2.5% copper) weigh 2.5 grams.
Modern US cents are made of copper plated zinc. Starting midway through 1982 the penny switched from bronze to copper plated zinc. So if you have a penny dated 1983-present you for sure have a penny with zinc on the inside.
A modern penny only has about 2.5% copper and the rest is zinc. Before 1982 pennies were made of 95% copper with the remainder being tin and/or zinc. The Mint changed the composition that year when the price of copper increased to the point that the older coins contained more than one cent's worth of copper.
Current pennies (since 1982) are copper-plated zinc, so the answer is it's covered in copper. The penny is 2.5% copper, and 97.5% zinc. See the related links for a history of penny composition over the years.
A 1955 Lincoln cent is Bronze, it has a composition of .950 copper and .050 tin & zinc.