I do not mean branches such as functional analysis
I mean is math we use in elementary school (which I heard uses Peano's axioms) the 'correct' math?
Is there math that uses other axioms? Is Zermelo-Frankel Axioms another type of math? Anything along those lines is my question.
The easiest example is modular arithmetic, which is where you violate a Peano axiom by making your numbers wrap around, as on a clock. So in the ring of integers modulo $12$, the product $5\cdot 11$ is still well-defined but it is not $55$ but instead $7$. You can view this if you like as the remainder after division by $12$; $55$ is $4\cdot12 + 7$.
Interestingly, it turns out that if the modulus is prime, you can have division without fractions: so for example in the mod-$23$ ring, to get a multiplicative inverse of $11$, you don't just need to give up and invent the fraction $\frac{1}{11}$; you can instead use the integer $21$, as $21\cdot11=231$ and the remainder after dividing by $23$ is $1$. So for example to divide $8$ by $11$ you do not have to give up and say "it's just eight elevenths, deal with it" but you can now say "it's $8\cdot21 = 168 = 7\cdot23 + 7,$ so in this ring eight elevenths is exactly the number $7$."
We can also extend the system rather than neglecting part of it. When you invent the real numbers and potentially-infinite decimals, you are defining something with a new axiom that isn't part of the Peano axioms, called the least upper bound property, which says that if you have a sequence of real numbers which has a bound from above, then there is some least upper bound with respect to their normal ordering. That is what makes the real numbers "filled in" in a way that the rationals are not.