How Many Squares are in This Image?

How Many Squares are in This Image?

Let's see how awake everyone is on this Friday, end of the week. In the US, it's the start of the Memorial Day holiday weekend, one of the worst travel days of the year, and the Indy 500, where cars zoom around a near oval at 200+ mph.

Question is... How many squares are in the image above?

BONUS: how many rectangles (other than squares) are in the image?

We'll reveal the correct answer in a few days (Monday).

Updates
1 y
There are 40 squares in the image: 8+(16+2)+9+4+1 (smallest to largest size squares)

There are 74 rectangles in the image: (12+4)+8+6+3+4=37 (horizontal, smallest to largest rectangles); same number vertical rectangles, total=37+37=74

Thanks to all who participated, and congrats to those who got the correct answer.
How Many Squares are in This Image?
Post Opinion