Hi,
You appear to be using 512MB of allocated video memory.
The first link is definitely incorrect for your usage. Windows is including System memory that can store video memory temporarily. It's common to swap video memory into system memory when not needed even if you have a dedicated graphics card.
16MB?
That seems unlikely. Try running a Torchlight 1 or 2 demo. It won't work unless you have 512MB at least. I ran that on my dad's i5-4670K and it ran fairly well but not max settings. I can't remember if I assigned more than 512MB though. I'd run at 1600x900 res, and use FRAPS to monitor FPS. If screen tear isn't annoying then leave VSYNC OFF and aim for 40FPS.
Other:
1) GPU-Z-> http://www.techpowerup.com/gpuz/
I've never tried this...