(One 40 *1 rectangle, two rectangles in 20 ways, three rectangles in a whole bunch of ways , etc)
If all the squares are to be used and the rectangles are outlines (not filled) then five
19 * 3
17 * 5
15 * 7
13 * 9
11 * 11
If all the squares are to make a single unbroken and completely filled rectangle and the orientation of the rectangle does not matter then you can make four: